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After Being Released by the Supreme Federal Court (STF), Petrobras Completes Sale of TAG

Written by Paulo Nogueira
Published on 13/06/2019 at 19:58
Updated on 13/06/2019 at 20:04
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As Soon As Authorized By The STF, Petrobras Finally Completed The Sale Of Its Gas Pipeline Network To ENGIE And CDPQ

Petrobras Completed On Thursday (6/13) The Sale Of 90% Of Its Stake In Transportadora Associada De Gás S.A. (“TAG”) To The Group Formed By ENGIE And The Canadian Fund Caisse De Dépôt Et Placement Du Québec (CDPQ). The Closure Of The Transaction Occurred With The Total Payment Of R$ 33.5 Billion To Petrobras, With Approximately R$ 2 Billion Destined For The Settlement Of TAG’s Debt With BNDES.

“Petrobras Will Continue To Use The Natural Gas Transportation Services Provided By TAG, Through The Existing Contracts Between The Two Companies, Without Any Impact On Its Operations And The Delivery Of Natural Gas To Its Customers.”

Check Below The Companies Petrobras May Sell

  • Petrobras Distribuidora
  • Petrobras Biocombustível
  • Liquigás
  • Breitener Energética, UTEs
  • Logum Logística SA
  • Petrobras Logística De Gás S.A. And TBG

Source: Petrobras

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Paulo Nogueira

Graduated in Electrical Engineering from one of the country's technical education institutions, the Instituto Federal Fluminense - IFF (formerly CEFET), he worked for several years in the offshore oil and gas, energy, and construction sectors. Today, with over 8,000 publications in online magazines and blogs on the energy sector, the focus is to provide real-time information on the Brazilian job market, macro and microeconomics, and entrepreneurship. For questions, suggestions, and corrections, please contact us at informe@clickpetroleoegas.com.br. Please note that we do not accept resumes at this contact.

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