Brazil's Petrobras expects to revive TAG deal over the next month: sources [Reuters]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
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Source: Reuters
Brazil's Petrobras expects to revive TAG deal over the next month: sources | Reuters 2 Min Read SAO PAULO (Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA expects to revive the sale of its pipeline operator TAG over the next month, if it can get a Supreme Court injunction lifted, with the support of the country’s solicitor-general, a person with knowledge of the matter said. In July, Petrobras, as the oil company is known, was wrapping up exclusive talks with France’s Engie SA when the process was blocked by a Supreme Court injunction ordering asset sales by state companies be approved by Congress.[nL1N1TZ0IO] The source, who asked for anonymity to discuss the matter, said Petrobras plans to use a section of Brazil’s 1997 oil law regarding privatizations in an appeal before the Supreme Court. The company is not planning to circumvent the injunction, the source said, contradicting local media reports. [nL2N1WQ0FO] Petrobras did not immediately respond to a reque
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