Petrobras sells 10% of TAG for $ 193mm

Petrobras sold the remaining 10% of the Associated Gas Transport Company to CDPQ for just over R$ 1 billion ($193mm). With this acquisition, Engie’s total shareholding in TAG increases to 65%, of which 32.5% belongs to Engie Brasil Energia and another 32.5% to GDF International, while CDPQ holds the remaining 35%.

Source: Canal Energia

Categories: Business