Private equity giant Blackstone Group has teamed up with its Brazilian partner Patria Investimentos to compete for state-run Petrobras’s gas pipeline network in the country’s northeast, Bloomberg has reported.
The two companies form one of at least three groups that have made non-binding offers of up to $6 billion to acquire the asset, the newswire said.
Canada’s Brookfield Infrastructure is also buying a 90% stake in Brazilian gas distribution unit Nova Transportadora do Sudeste.
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