World News

November 2016, Vol. 243, No. 11

Petrobras to Sell 90% of Gas Pipeline Unit to Brookfield-Led Consortium Brazilian state-run oil company Petrobras will sell a 90% stake of its natural-gas pipeline unit to a consortium led by Brookfield Asset Management Inc. for $5.2 billion as part of its debt-reduction plan. Petrobras will keep a 10% stake in the unit, Nova Transportadora do Sudeste SA, or NTS. Canada-based Brookfield said the consortium also includes CIC Capital Corporation, GIC Private Limited and others. NTS is a 2,048-km (1,273-mile) pipeline system that transports natural gas in Brazil’s most industrialized and populated states in the…

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