Companies & Finance

Engie in talks to buy Brazilian pipeline network

French giant Engie has confirmed it is in talks with Brazilian state-controlled company Petrobras to buy its TAG gas pipeline network
By Staff reporter 15 May 2018 0 30864

French giant Engie has confirmed it is in talks with Brazilian state-controlled company Petrobras to buy its TAG gas pipeline network, Reuters has reported.

“Apparently we presented the best offer in the bidding phase and we are currently negotiating the terms and conditions of a potential transaction,” said Engie Chief Executive Isabelle Kocher during an analyst call on Tuesday.