Brazilian state-run oil firm Petroleo Brasileiro SA announced on Thursday it concluded the sale of gas pipeline system TAG to a group led by France’s Engie SA and Canada’s Caisse De Depot Et Placement Du Quebec (CDPQ).
According to a securities filing, Petrobras, as the company is known, said it received a total of 33.5 billion reais ($8.69 billion) from buyers on Thursday for the 90 percent stake it had in TAG. The announcement follows a decision last week by Brazil’s Supreme Court clearing the deal.
Source: Reuters.com