Brookfield Infrastructure confirms $5.2 bln buy of Petrobras pipeline

Brookfield Infrastructure Partners confirmed an agreement to buy a 90 percent stake in Nova Transportadora do Sudeste SA (NTS), a system of natural gas transmission assets in Brazil. The deal, reported by Reuters earlier this month, will see a consortium led by Brookfield Infrastructure acquire NTS from Petróleo Brasileiro SA (Petrobras) for about US$5.2 billion. It is expected to close in December or shortly thereafter. Brookfield Infrastructure, an affiliate of Canada's Brookfield Asset Management, said it may eventually transition NTS to a stand-alone operating business.

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