Petrobras in talks to sell 40 pct stake in Brazil's Gasmig
SAO PAULO, July 16
SAO PAULO, July 16 (Reuters) - Brazil's state-controlled oil company Petróleo Brasileiro SA is in talks to sell the 40 percent stake it owns of a Brazilian natural gas distributor to electricity holding company Cia Energética de Minas Gerais SA .
In a securities filing on Wednesday, Petrobras, as the oil producer is known, said exiting Cia de Gás de Minas Gerais SA is part of a plan to shed non-core assets. No details on the value of the stake in the gas company, which is known as Gasmig, was unveiled.
Gasmig distributes about 4.1 million cubic meters of natural gas a day in the state of Minas Gerais through a 850 kilometer-long network of integrated pipelines, the filing added.
(Reporting by Guillermo Parra-Bernal; Editing by Chris Reese)
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Canada PM vows crackdown after capital shocked by fatal attacks |
- Man arrested after jumping White House fence, causing lockdown
- Probe: Athletes took fake classes at University of North Carolina
- U.S.-led air strikes killed 521 fighters, 32 civilians in Syria: monitor