Brazil's state-owned oil company Petroleo Brasileiro SA (PETR4.SA) has approved the sale of its remaining 10% stake in the NTS gas pipeline network for 1.8 billion reais ($337 million) to Brookfield and Itausa SA, the company said in a statement on Wednesday.
Petrobras sells minority stake in national pipeline company
Apr 29, 2021 4:24:pm
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by: Daniel Graeber
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Petrobras sells minority stake in national pipeline company
Brazilian energy company Petrobras said April 28 it had sold its remaining 10% interest in a national pipeline company for an estimated $330mn.
Continuing a divestment streak, the Brazilian company, known formally as Petroleo Brasileiro, sold its remaining stake in natural gas transportation company Nova Transportadora do Sudeste (NTS) to Nova Infraestrutura Gasodutos Participacoes, a company formed by an investment fund that already holds a controlling interest in NTS.
“The signing of the purchase and sale agreement and the closing of the transaction will take place simultaneously in the next few days,” Petrobras said.