Brazilian state-controlled oil company Petrobras SA on Wednesday said it has begun the sale process for its 10% stake in the natural gas pipeline company TAG, according to a securities filing.
Petrobras sold a 90% stake in TAG to Engie’s Brazilian subsidiary and Canadian investment fund Caisse de Depot and Placement du Quebec (CDPQ) in April for $8.6 billion. Engie said earlier this month it intended to acquire the remaining stake.
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