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

August 29, 2016 1:11 PM EDT
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(Updated)

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.



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