May 4, 2020 / 11:09 PM / a month ago

Brazil's Petrobras pumps brakes on gas pipeline sale

RIO DE JANEIRO, May 4 (Reuters) - Brazil’s Petrobras is reopening the “analysis and buyer qualification” stage of the sale process of its Gaspetro gas pipeline unit, it said in a filing on Monday, effectively delaying the divestment.

Petroleo Brasileiro SA, as the firm is formally known, had previously announced it would begin receiving non-binding offers for Gaspetro on March 18. (Reporting by Gram Slattery; Editing by Sandra Maler)

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