Petrobras is released for justice and can complete sale of NTS to Brookfield

According to Petrobras information, the Federal Regional Court of the 5th Region suspended on Thursday, March 9, the injunction stated that the state paralyze the sale of 90% of the Company's stake in Nova Transportadora do Sudeste (NTS), which it owns the pipeline network in the Southeast, the Brookfield company.

The operation had been suspended on 10 February due to an injunction from Justice of Sergipe. With the decision, according to Petrobras is favorable, the company will complete the sale process. Also according to the state, the transaction is part of the partnership and divestment program, which totaled in the biennium 2015/2016, the amount of US $ 13.6 billion the company.

The NTS was sold to Canadian Brookfield for $ 5.2 billion and has about 2,000 kilometers of pipelines. Continue interacting with Panorama Offshore and get more details and relevant news about the world's oil, gas and energy. Your business here:


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