Twenty investors, including France’s Engie, a Brazilian investment group, and an Abu Dhabi state-owned holding group, are interested in buying a majority stake in a gas pipeline network in Brazil currently owned by state firm Petrobras.
Along with France’s energy group Engie, the other interested potential bidders include Brazilian investment company Pátria Investimentos Ltda, Abu Dhabi’s investment company Mubadala, Canada Pension Plan Investment Board (CPPIB), private equity EIG Global Energy Partners, and Singapore’s sovereign wealth fund GIC.
Petrobras announced in September this year that it was aiming to sell a 90% stake of its of wholly owned subsidiary Transportadora Associada de Gás SA (TAG), which holds long-term permits to operate and manage a gas pipeline system of about 4500 km (2796 miles), located mainly in the North and Northeastern regions of Brazil.
Last week, Petrobras launched the non-binding phase for the sale of 90% in TAG, in which it sent information to interested parties qualified in the previous phase.
Read the article online at: https://www.worldpipelines.com/business-news/01112017/investors-line-up-for-petrobras-tag-pipeline-sale/