Deals
Petrobras Receives Three Bids for Natural Gas Unit
- Mubadala and Macquarie are said to submit rival bids for TAG
- French utility Engie is said to be involved in third bid
Photographer: Daniel Acker/Bloomberg
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Petrobras has received three bids for a 2,800-mile (4,506 kilometer) natural gas pipeline system being sold as part of a wider push to raise cash through divestments, said people knowledgeable on the matter.
Mubadala Development along with EIG Global Energy Partners are leading one group while Sydney-based Macquarie Group Ltd. leads another that submitted bids on Thursday for Transportadora Associada de Gas, or TAG, the people said. A third bid includes French utility Engie SA, the people said, requesting not to be named because the information isn’t yet public.