Petrobras to sell 90% stake in TAG pipeline subsidiary

Brazilian state-run giant Petrobras has said it will sell a 90% stake in its Transportadora Associada de Gas pipeline subsidiary.
By Staff reporter 8 September 2017 0 27510

Brazilian state-run giant Petrobras has said it will sell a 90% stake in its Transportadora Associada de Gas (TAG) pipeline subsidiary.

TAG operates a 4,500-km pipeline network that runs mostly through the country’s north and northeast.

Petrobras is also selling a 90% controlling stake in gas distribution unit Nova Transportadora do Sudeste to Canada’s Brookfield Infrastructure.

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