ENGIE and CDPQ completed the acquisition of Petrobras' pipe unit for $8.7bn.

ENGIE together with Caisse de dépôt et placement du Québec completed the acquisition of a 90% shareholding stake in Transportadora Associada de Gás with a final and binding offer amounting to $8.7bn. ENGIE will have a stake of 58.5% in the asset (of which 29.25% through ENGIE Brasil Energia) and CDPQ will have a stake of 31.5%, while Petrobras will maintain a 10% stake in TAG’s capital. In addition to its ownership, ENGIE will be responsible for the operation and maintenance after the third year. According to Maurício Bähr, one of ENGIE’s strategic objectives is “to grow in renewable energies and in infrastructures such as transmission lines and the gas chain, as well as bring the company ever closer to the final client.”