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-0.000377786173026126 0.000755572346052118 0.000377786173025992 0.00113335851907811 0.00453343407631271 0.00264450321118248 0.00491122024933884 0.00453343407631271
Stock impact report

Brazil's Petrobras to restart stake sales for TAG pipeline [Reuters]

Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A) 
US:NYSE Investor Relations: investidorpetrobras.com.br/en
Company Research Source: Reuters
Brazil's Petrobras to restart stake sales for TAG pipeline | Reuters 2 Min Read BRASILIA/RIO DE JANEIRO (Reuters) - Petroleo Brasileiro SA ( PETR4.SA ) (Petrobras) will reopen the bidding process for stakes in its Transportadora Associada de Gas (TAG) pipeline unit and Araucaria fertilizer factory, Brazil’s state-controlled oil company said on Thursday. Petrobras, as the company is known, will also renew efforts to look for partnerships in refining, it said in a securities filing. The oil company had been targeting a sale of a 90 percent stake in TAG, which operates about 4,500 kilometers (2,800 miles) of gas pipelines. The pipeline operator is the largest divestiture in Petrobras’ asset sales program. Prior to the TAG sale being blocked in court, France’s Engie SA ( ENGIE.PA ) had been in talks to purchase the pipeline business and had submitted the highest bid, worth more than $7 billion. Brazil’s solicitor general on Wednesday won its bid to overturn an injunction that was preve Show less Read more
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