Engie, CDPQ eye US$8bn loans for Petrobras pipeline

摘要

French electric utility engie and Canadian pension fund Caisse de depot et placement du Quebec (CDPQ) are raising a loan of up to US$8bn to back the purchase of a natural gas pipeline system in Brazil from state-owned oil company petrobras. Engie and CDPQ are talking to at least eight international banks including BNP Paribas, Mizuho and Sumitomo Bank. Brazilian banks Itau Unibanco, Banco do Brasil and Bradesco are also expected to commit to the financing.