Petrobras gas asset sale moves Brazil’s market toward opening

摘要

An agreement from Brazil state-owned oil company Petrobras to divesta sizable share of its downstream natural gas assets is moving one ofLatin America’s largest markets toward an opening.As part of a compromise settlement with Brazil’s antitrustregulator, Conselho Administrativo de Defesa Econômica, or Cade,Petrobras will sell a controlling stake in its gas pipeline import businessalong with smaller shares of its downstream transportation anddistribution network.