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Brookfield Infrastructure Partners LP (BIP_u.TO)

BIP_u.TO on Toronto Stock Exchange

56.12CAD
21 Jun 2019
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Engie-led consortium seals $8.6 billion purchase of Petrobras pipeline unit

PARIS A consortium led by French utility Engie has won a bid for Petrobras' TAG pipeline arm with an $8.6 billion offer, in a deal that boosts Engie's presence in the fast-growing Brazilian market and helps Petrobras cut debts.

UPDATE 2-Engie-led consortium seals $8.6 billion purchase of Petrobras pipeline unit

* TAG counts for 47 pct of Brazil's gas infrastructure (Adds detail, comments from fund managers, writes through)

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