Petrobras closes the sale of Transportadora Associada de Gás
Petrobras has completed the sale of its 90% stake in the 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 transaction closed today with a total payment of BRL33.5 billion (US$8.6 billion) to Petrobras, with approximately BRL2 billion (US$513 million) destined to settle TAG's debt with BNDES.
Petrobras will continue to use natural gas transportation services rendered by TAG, through contracts already in force between the two companies, with no impacts on its operations and the delivery of natural gas to its clients.
This operation is in line with the company's portfolio optimization and improvement of its capital allocation, aiming value generation for our shareholders.
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