Brazil court suspends $5.2 bln sale of Petrobras unit to Brookfield: Reuters
A Brazilian federal court suspended the US$5.2 billion sale of state-controlled Petróleo Brasileiro SA's natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset Management, Reuters reported. In a document seen by Reuters, the Sergipe state-based court ruled the transaction, which was to be closed within weeks, be halted because of discrepancies in the way Petrobras proceeded with the sale. Brookfield Infrastructure Partners announced its plan to acquire a 90 percent stake in the natural gas system, called Nova Transportadora do Sudeste , in September.
13 February 2017•1 min read
