Petrobras receives three final bids for TAG gas pipeline unit - Reuters

  • Petrobras (NYSE:PBR) received three final bids for its TAG gas pipeline network from groups led by Engie (OTCPK:ENGIY), Itausa Investimentos Itau and EIG Global Energy Partners with Mubadala Investment, Reuters reports.
  • PBR hopes to haul in $8B from the sale of TAG, which operates ~2,800 miles of gas pipelines, and should be the largest divestment in the company's asset sale program.
  • Investors reportedly were dropping out of the Itausa-led and EIG-Mubadala groups in a move that could leave the group led by Engie in a stronger position.
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.