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Petrobras sells remaining 10% stake of TAG pipeline, says Engie

Engie Brasil, the Brazilian subsidiary of France’s Engie SA, said on Monday it has agreed a deal with state-owned oil giant Petrobras to buy the remaining 10% stake in the natural gas pipeline company TAG. In a statement, Engie Brasil said it, GDF International and Canadian investment fund Caisse de Depot and Placement du Quebec (CDPQ) will pay Petrobras 1 billion reais ($187.5 million) for the remaining stake. Petrobras sold a 90% stake in TAG to Engie Brasil and CDPQ in April 2019 for $8.6 billion. (Reporting by Jamie McGeever and Roberto Samora; Editing by Muralikumar Anantharaman) Our Standards:The Thomson Reuters Trust Principles.0 : 0narrow-browser-and-phonemedium-browser-and-portrait-tabletlandscape-tabletmedium-wide-browserwide-browser-and-largermedium-browser-and-landscape-tabletmedium-wide-browser-and-largerabove-phoneportrait-tablet-and-aboveabove-portrait-tabletlandscape-tablet-and-abovelandscape-tablet-and-medium-wide-browserportrait-tablet-and-belowlandscape-tablet-and-belowAppsNewslettersAdvertise with UsAdvertising GuidelinesCookiesTerms of UsePrivacyDo Not Sell My Personal InformationAll quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. © 2020 Reuters. 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