SAO PAULO, July 18 Brazil's state-controlled oil
company Petróleo Brasileiro SA agreed to sell a stake in a
Brazilian natural gas distributor to power holding company Cia
Energética de Minas Gerais SA for 600 million reais
In a securities filing on Friday, Petrobras, as
the oil producer is known, said the sale of the 40 percent stake
it owned of Cia de Gás de Minas Gerais SA will have no impact on
natural gas supply contracts between both companies. The sale is
part of a Petrobras' plan to shed non-core assets.
The deal is subject to regulatory approval, the filing said.
Gasmig, as the gas distributor is known, transports 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)