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Petrobras to make billions from gas pipeline sale?

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World Pipelines,

Brazil's state-led oil company Petrobras is expected to fetch as much as US$6 billion from the sale of a natural gas pipeline unit in Brazil's industrialised southeast, according to local reports.

Bids of between US$5 - $6 billion for Nova Transportadora do Sudeste are expected by a Tuesday deadline from Canadian, French and Chinese companies.

Potential bidders include Canada's Brookfield Asset Management Inc., China National Petroleum Corp, and a joint venture between the Canadian Pension Plan Investment Board and France's Engie SA.

Edited from various sources by Elizabeth Corner

Sources: ReutersRigzoneSeeking Alpha

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