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Petrobras Completes TAG Sale

Gasoil News - Published on Tue, 18 Jun 2019

Image Source: Brazil Energy Insight
Petrobras concluded the sale of 90% of its stake in Transportadora Associada de Gás SA to the group formed by ENGIE and the Canadian fund Caisse de Dépôt et Placement du Québec. The closing of the transaction occurred with the total payment of BRL 33.5 billion for Petrobras, of which approximately BRL 2 billion was destined for the settlement of TAG's debt with BNDES.

Meanwhile, Petrobras will continue to use natural gas transportation services rendered by TAG, through contracts already in force between the two companies, without any impact on its operations and the delivery of natural gas to its customers.

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Posted By : Sanju Moirangthem on Tue, 18 Jun 2019
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