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BRIEF-China CIC, Canada's Brookfield acquire Petrobras pipeline unit
April 5, 2017 / 5:16 AM / 8 months ago

BRIEF-China CIC, Canada's Brookfield acquire Petrobras pipeline unit

BEIJING, April 5 (Reuters) - China’s sovereign wealth fund China Investment Corp said it has joined hands with Canada’s Brookfield Asset Management Inc in acquiring 90 percent of a natural gas pipeline unit from Brazil’s state oil firm Petrobras.

* The investor group includes other institutional investor, and the pipeline unit is called Nova Transportadora do Sudeste S.A., CIC stated on its website on Wednesday

* Reuters reported last September that Petrobras agreed to sell 90 percent of its natural gas pipeline unit to a group of investors for $5.2 billion

Reporting by Chen Aizhu

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