Deals
CNPC Said to Join Bidding for Odebrecht Stake in Peru Pipeline
- CNPC, Brookfield vie for 55% of $7.3 billion gas pipeline
- Deal to be concluded in January; Brookfield may have advantage
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China National Petroleum Corp. is competing with Canada’s Brookfield Asset Management Inc. to buy Odebrecht SA’s majority stake in a $7.3 billion Peruvian pipeline project, a person with knowledge of the matter said.
CNPC, China’s biggest petroleum producer, and Canada’s largest alternative asset manager are the two most recent bidders to emerge for Odebrecht’s 55 percent stake in the natural gas pipeline, said the person, who didn’t want to be identified as negotiations are private. The deal may be concluded next month.