UPDATE 1-Petrobras gets three bids for gas pipeline network -sources [Reuters]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
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Source: Reuters
Petrobras gets three bids for gas pipeline network: sources | Reuters 2 Min Read SAO PAULO (Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA on Thursday received three binding bids for its gas pipeline network company TAG, three sources with knowledge of the matter said. The bids were from groups led by Australia’s Macquarie Group, United Arab Emirates’ sovereign wealth fund Mubadala Development Co [MUDEV.UL] and France’s power company Engie SA, the sources said. Petrobras, which is selling 90 percent of its stake in TAG, and the bidders did not immediately comment on the matter. The sources added all bids were higher than the $5.2 billion Canada’s Brookfield Asset Management Inc paid for another gas pipeline unit sold by Petrobras, Nova Transportadora do Sudeste (NTS). Some of the proposals could be above $7 billion, the sources added. The sale of TAG is part of a program of asset sales with a $21 billion target in 2017-2018, as Petrobras seeks to reduce its $9
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