I guess Quebeckers aren't all that opposed to pipelines after all. #Hypocrites
Engie, Caisse to Buy Petrobras Pipe Unit for $8.6 Billion
Petroleo Brasileiro SA agreed to sell its 90 percent stake in a natural gas pipeline unit to France’s Engie SA and Canadian pension fund Caisse de Depot et Placement du Quebec for $8.6 billion.
Engie and the Caisse prevailed after multiple rounds of bidding for the unit, known as TAG, beating out Macquarie Group Ltd. and a joint bid from EIG Global Energy Partners and Mubadala Development Co. It is the biggest-ever single asset sale for Petrobras, whose new chief executive officer has sought to speed divestitures that began years ago, when the state-run energy giant briefly became the world’s most indebted oil company.
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When the transaction is completed, Engie will have a 58.5 percent stake in TAG while the Caisse will own 31.5 percent, the companies said in a statement.
Source:
https://www.bloomberg.com/news/articles/...ach-9-billion-sale-of-pipe-unit-to-engie