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Brazil's Petrobras to sell 90 percent of natural gas transport unit
September 5, 2017 / 11:23 PM / 16 days ago

Brazil's Petrobras to sell 90 percent of natural gas transport unit

Tanks of Brazil's state-run Petrobras oil company are seen in Brasilia, Brazil, August 31, 2017. REUTERS/Ueslei Marcelino

BRASILIA (Reuters) - Brazil state-controlled oil firm Petrobras said in a stock exchange filing on Tuesday that it will sell a 90-percent stake in its wholly owned subsidiary Transportadora Associada de Gas SA (TAG).

TAG, a unit for transporting natural gas, operates a 4,500-kilometer (2,800-mile) pipeline system mostly in the country’s north and northeast.

Reporting by Guillermo Parra-Bernal; Writing by Jake Spring; Editing by Sandra Maler

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