Brazil Solicitor General Overturns Injunction Related to Petrobras Asset Sale -- Reuters
17 Gennaio 2019 - 02:17AM
Dow Jones News
-- Brazil's solicitor general has overturned one injunction that
blocked Petroleo Brasileiro SA (PBR), or Petrobras, from selling a
90% stake in pipeline business Transportadora Associada de Gas SA,
or TAG.
-- Reuters reported that Petrobras didn't immediately respond to
a request for comment on whether it is now able to complete the
sale.
-- The report said Engie SA (ENGI.FR) had submitted a bid worth
more than $7 billion and was in exclusive talks with Petrobras when
Brazil's Supreme Court blocked Petrobras asset sales in July.
www.reuters.com/article/us-petrobras-divestiture-tag/brazils-solicitor-general-overturns-a-legal-bar-to-petrobras-unit-sale-idUSKCN1PA2TU
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 16, 2019 20:02 ET (01:02 GMT)
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