Tuesday, December 12, 2017

Petrobras Says Injunction Blocking Sale of Gas Unit NTS Overturned

Posted by March 9, 2017

Brazil's state-controlled oil company Petroleo Brasileiro SA said on Thursday that an injunction blocking the sale of its gas pipeline unit Nova Transportadora do Sudeste SA (NTS) to a group led by Canada's Brookfield Asset Management Inc has been overturned.
Petrobras, as the company is known, said in a securities filing that it plans to continue with NTS divestiture. The group led by Brookfield agreed to pay $5.2 billion for the unit in September.

(Reporting by Tatiana Bautzer; Editing by Daniel Flynn)

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