Petrobras starts TAG sale

Petrobras starts TAG sale

Brazil M&A

Petrobras said it has started the sale process of a 90% stake in the natural gas transportation company, Transportadora Associada de Gas (TAG).Brazil's state-owned energy company has sent teasers and given prospective buyers until September 13 to express interest in buying the midstream company. Petrobras said it will require possible bidders to sign confidentiality agreements by September 22.TAG operates a 4,500km natural gas pipeline that transports 74.7m cubic meters per day contracted thro

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