Rechercher dans ce blog

Wednesday, April 28, 2021

Brazil's Petrobras sells stake in NTS gas pipeline network - Reuters

The Petrobras logo is seen in front of the company's headquarters in Sao Paulo April 23, 2015. REUTERS/Paulo Whitaker

Brazil's state-owned oil company Petroleo Brasileiro SA (PETR4.SA) has approved the sale of its remaining 10% stake in the NTS gas pipeline network for 1.8 billion reais ($337 million) to Brookfield and Itausa SA, the company said in a statement on Wednesday.

In 2016, an investment-fund led by Canada's Brookfield Asset Management Inc and Brazil's Itausa S.A. purchased 90% of the more than 2,000 kilometers pipeline network from Petrobras for $5.2 billion.

Brookfield's fund now will own 100% of Nova Transportadora do Sudeste SA, as NTS is formally known.

Petrobras, as the Rio de Janeiro-based firm is known, will receive 1.5 billion reais, the company said, after dividend payments and contract adjustments.

($1 = 5.3425 reais)

Our Standards: The Thomson Reuters Trust Principles.

Let's block ads! (Why?)



"network" - Google News
April 29, 2021 at 08:01AM
https://ift.tt/3b5wgxh

Brazil's Petrobras sells stake in NTS gas pipeline network - Reuters
"network" - Google News
https://ift.tt/2v9ojEM
Shoes Man Tutorial
Pos News Update
Meme Update
Korean Entertainment News
Japan News Update

No comments:

Post a Comment

Search

Featured Post

Comcast reluctantly agrees to stop its misleading “10G Network” claims - Ars Technica

Enlarge Comcast Comcast has reluctantly agreed to discontinue its "Xfinity 10G Network" brand name after losing an appeal of...

Postingan Populer