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New Deal


Announced

Completed

Engie Brasil and CDPQ completed the acquisition of a 10% stake in TAG from Petrobras for $188m.

Financials

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Transaction Value£147m
Consideration TypeCash
Capital Owned90%
Capital Bid For10%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Private Equity

Acquisition

Private

Friendly

Pipelines

Brazil

Single Bidder

Completed

exploration

drilling services

Cross Border

Synopsis

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Engie Brasil, a Brazilian utility company, and Caisse de Depot et Placement du Quebec, a Canadian investment fund, completed the acquisition of a 10% stake in Transportadora Associada de Gás, a natural gas pipeline company, from Petrobras, Brazil’s state-owned oil company, for $188m. “We have been operating in Brazil for almost 25 years with a long-term investment focus. This acquisition allows us to invest further in an asset we know, capitalizing on our expertise in networks, in a key country for ENGIE,” Claire Waysand, ENGIE Interim CEO.

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