Petrobras Starts Binding Phase for Sale of TBG and TSB

Source: www.gulfoilandgas.com 4/30/2021, Location: South America

Petrobras, in continuation of the communiqué released on 02/05/2021, informs the start of the binding phase regarding the sale of the totality of its 51% stake in Transportadora Brasileira Gasoduto Bolívia-Brasil SA (TBG) and 25% in Transportadora Sulbrasileira de Gás SA (TSB).

Potential buyers eligible for this phase will receive an invitation letter with detailed instructions on the divestment process, including guidelines for carrying out due diligence and sending binding proposals.

This disclosure is in accordance with the internal rules of Petrobras and with the special regime for the divestment of assets by federal mixed capital companies, provided for in Decree 9.188 / 2017.

This operation is in line with the portfolio optimization strategy and the improvement of the company's capital allocation, aiming at maximizing value for its shareholders.


Canada >>  6/21/2021 - Pembina Pipeline Corporation announced that Pembina and Inter Pipeline Ltd. ("Inter Pipeline") have filed cross-applications with the Alberta Securiti...
United States >>  6/21/2021 - Brookfield Infrastructure Partners L.P., together with its institutional partners (collectively, “Brookfield Infrastructure”) has filed a second notic...

Canada >>  6/18/2021 - Offer Highlights
- Revised Offer from Brookfield Infrastructure will include an ability for Inter Pipeline Ltd. (“IPL”) shareholders to receive ...

Malaysia >>  6/18/2021 - Dagang NeXchange Berhad (“DNeX”) has received approval from shareholders after its Extraordinary General Meeting for the company’s proposed acquisitio...

Saudi Arabia >>  6/18/2021 - Aramco and an international investor consortium, including EIG and Mubadala, announced the successful closing of the share sale and purchase agreement...
Canada >>  6/16/2021 - Superior Plus Corp. has closed the previously announced acquisition of the assets of a retail propane distribution company based in South Carolina, op...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.