GAS PIPELINE FOR BRAZIL $8.6 BLN
REUTERS - A consortium led by French utility Engie has won a bid for Petrobras' TAG pipeline arm with an $8.6 billion offer, in a deal that boosts Engie's presence in a fast-growing sector and will help Petrobras cut its debts.
Engie said on Monday its successful offer for a 90 percent stake in TAG was made by a consortium involving Engie and Canada's Caisse de Dépôt et Placement du Québec (CDPQ). Petrobras will keep a 10 percent stake in TAG.
Engie said buying TAG would provide…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.