China's CIC, Brookfield acquire Petrobras pipeline unit: Reuters
China's sovereign wealth fund China Investment Corp said it has joined hands with Canada's Brookfield Asset Management Inc in acquiring 90 percent of a natural gas pipeline unit from Brazil's state oil firm Petróleo Brasileiro SA (Petrobras), Reuters reported. The consortium includes other institutional investors, CIC stated on its website. Reuters reported last September that Petrobras agreed to sell 90 percent of its natural gas pipeline unit to a group of investors, including Brookfield, for US$5.2 billion.
5 April 2017•1 min read
