Brazil's state-owned oil company Petrobras on Monday agreed to sell its remaining 10% stake in natural gas pipeline company TAG to Engie Brasil and Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ).
The sale is worth 1 billion reais , Engie said, and follows the $8.6 billion sale last year by Petrobras of the other 90% of TAG to the same group.
Engie Brasil, the Brazilian subsidiary of France’s Engie SA , said in a statement that the 1 billion reais was paid in full to Petrobras on Monday.
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