Divestment Plan

Petrobras concludes the sale of TAG

Petrobras Agency
14/06/2019 16:52
Petrobras concludes the sale of TAG Imagem: Divulgation Visualizações: 1966 (0) (0) (0) (0)

Petrobras has closed today (June 13) the sale of 90% of its 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 was closed with a total payment of R$ 33.5 billion to Petrobras, with approximately R$ 2 billion 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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