Petrobras sells major gas pipeline which feeds Brazil's core industrialized regions

Saturday, September 24th 2016 - 07:27 UTC

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A consortium led by Canada's Brookfield Infrastructure has signed a deal to buy a controlling stake in a natural gas pipeline system in Brazil from Petrobras for US$5.2 billion. Under the deal, the consortium will acquire a 90% stake in Nova Transportadora do Sudeste S.A. (NTS). Petrobras will retain a 10% stake. Read full article

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ChrisR
“Brookfield Infrastructure will have the ability to move the pipelines to a fully stand-alone business if it wants.”

Mmm, priority No 1 I would imagine.
Sep 24th, 2016 - 06:17 pm - Link - Report abuse 0
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:o))
What an efficiency in selling a MAJOR pipeline and that too so quickly!

Does anyone smell a rat?
Sep 28th, 2016 - 01:37 pm - Link - Report abuse 0
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