(Petrobras, 11.Dec.2019) — Petrobras started the opportunity disclosure stage (teaser), relating to the sale of its remaining stake (10%) in Transportadora Associada de Gás S.A. (TAG).
The teaser, which contains key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is available on the Petrobras website: https://www.investidorpetrobras.com.br/en/results-and-notices/teasers.
Upcoming key steps of the project will be timely informed to the market.
This disclosure complies with Petrobras’ divestment guidelines and the special regime of asset divestment by federal mixed capital companies, provided for in Decree 9,188/2017.
This transaction is in line with the portfolio optimization and the improvement of the company’s capital allocation, aiming at maximizing value for our shareholders.
About TAG
TAG is a company operating in the natural gas transportation industry, currently holding long-term permits to operate and manage a 4,500 km gas pipeline system, located mainly in the North and Northeast regions of Brazil, with installed capacity of 75 MM m3/d.
The group formed by ENGIE and the Canadian fund Caisse de Dépôt et Placement du Québec has a 90% stake in TAG, acquired from Petrobras earlier this year in June.
***
