Petrobras reaches agreement with Brookfield over sale of gas pipeline unit

• Petrobras (PBR +2.4%) says it concluded negotiations to sell natural gas pipeline unit Nova Transportadora do Sudeste to a group of investors led by Brookfield Asset Management (BAM -0.2%).
• PBR, which did not unveil the value of the sale, says the terms will be presented to its board and disclosed publicly after the board’s approval.
• Previous reports have indicated that the value of the deal could reach $5.2B.