Brookfield-led group to buy Petrobras pipeline unit for $5.2 bln: Reuters
Brazil’s state-run oil company Petróleo Brasileiro SA agreed to sell 90 per cent of its natural gas pipeline unit to a group of investors led by Canada’s Brookfield Asset Management for US$5.2 billion, a source with knowledge of the matter told Reuters. The investor group includes British Columbia’s pension fund and Chinese and Singaporean sovereign wealth funds CIC and GIC. The preliminary agreement will be submitted to the companies’ boards and the deal is expected to close in late September, the source said.
6 September 2016•2 mins read
