Brazilian oil company sells pipeline unit for USD 9 million

Anonymous sources tell Bloomberg that Brazilian Petrobas has sold its natural gas pipeline unit, TAG, to a French and a Canadian company.

Photo: /ritzau/AP/Leo Correa

The Brazilian energy giant Petrobras has sold its natural gas pipeline unit, TAG, to French Engie and Canadian pension fund Caisse de dépôt et placement du Québec, anonymous sources inform Bloomberg News.

The deal encompasses 90 percent of a 4,500 km long natural gas pipeline traversing 10 states in Brazil.

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