Petrobras (PBR) Said Near Record Asset Sale to Brookfield Asset Management (BAM) Group - Bloomberg

August 29, 2016 1:11 PM EDT
Get Alerts PBR Hot Sheet
Trade PBR Now!
Join SI Premium – FREE

Get access to the best calls on Wall Street with's Ratings Insider Elite. Get your Free Trial here.


Petrobras (NYSE: PBR) is in the final stages of selling a natural gas distribution network to a group led by Brookfield Asset Management (NYSE: BAM), according to Bloomberg, citing people with knowledge of the process. It may agree on the sale, with an estimated $5.5 billion to $6 billion value, before the end of September.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Mergers and Acquisitions, Rumors, Spinoffs

Add Your Comment