Brookfield Group to Pay $5.2 Billion for Petrobras Gas Unit

  • Broofield and partners to pay $5.2 billion for majority stake
  • Largest asset sale to date for embattled Brazilian company

Brookfield Asset Management Inc., Canada’s largest alternative asset manager, and its partners agreed to buy a 90 percent stake in a Brazilian natural gas distribution network owned by Petroleo Brasileiro SA for $5.2 billion.

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