Blackstone in the running to buy Petrobras pipelines

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
By Staff reporter 4 December 2017 0 28655

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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