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PETR4 Petroleo Brasileiro S.A. Petrobras

39.72
-0.713685 (-1.77%)
04 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Petroleo Brasileiro S.A. Petrobras BOV:PETR4 Bovespa Preference Share
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.713685 -1.77% 39.72 40.69 39.45 40.69 45,114,200 01:32:01

Engie and CDPQ Acquire Remaining 10% Stake in Brazil's TAG

21/07/2020 11:01am

Dow Jones News


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By Olivia Bugault

 

Engie SA Tuesday said, together with institutional investor Caisse de Depot et Placement du Quebec, it has acquired the remaining 10% stake in Transportadora Associada de Gas SA from Petroleo Brasileiro SA, also known as Petrobras.

With this transaction--whose closing value is of roughly 160 million euros ($183 million)--the French utility now owns a 65% stake in the Brazilian natural gas transporter, including 32.5% held by Engie Brasil Energia. CDPQ holds the remaining 35%, it said.

"Engie expects a net debt impact of approximately EUR105 million related to this transaction," the company said.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

July 21, 2020 05:46 ET (09:46 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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