Petrobras Says Injunction Blocking Sale of Gas Unit NTS Overturned

Posted by Eric Haun

Brazil's state-controlled oil company Petroleo Brasileiro SA said
on Thursday that an injunction blocking the sale of its gas
pipeline unit Nova Transportadora do Sudeste SA (NTS) to a group
led by Canada's Brookfield Asset Management Inc has been
overturned.

Petrobras, as the company is known, said in a securities filing
that it plans to continue with NTS divestiture. The group led by
Brookfield agreed to pay $5.2 billion for the unit in September.

(Reporting by Tatiana Bautzer; Editing by Daniel Flynn)

Mar 9, 2017

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