Petroleo Brasileiro S.A. - Petrobras (PBR): Petrobras says injunction blocking sale...

Petroleo Brasileiro S.A. - Petrobras (PBR)

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Friday, 03/10/2017 2:49:12 PM

Friday, March 10, 2017 2:49:12 PM

Petrobras says injunction blocking sale of NTS gas unit overturned
Petrobras (PBR +0.9%) opens higher following news that an injunction blocking the sale of its gas pipeline unit Nova Transportadora do Sudeste to a group led by Brookfield Asset Management (BAM +0.7%) has been overturned.
The BAM-led group agreed to pay $5.2B for the NTS unit in September, but a Brazilian court suspended the sale last month on grounds that the sale was not sufficiently publicized to foster competition.

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