-- Brazil's solicitor general has overturned one injunction that blocked Petroleo Brasileiro SA (PBR), or Petrobras, from selling a 90% stake in pipeline business Transportadora Associada de Gas SA, or TAG.

-- Reuters reported that Petrobras didn't immediately respond to a request for comment on whether it is now able to complete the sale.

-- The report said Engie SA (ENGI.FR) had submitted a bid worth more than $7 billion and was in exclusive talks with Petrobras when Brazil's Supreme Court blocked Petrobras asset sales in July.

 

www.reuters.com/article/us-petrobras-divestiture-tag/brazils-solicitor-general-overturns-a-legal-bar-to-petrobras-unit-sale-idUSKCN1PA2TU

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

January 16, 2019 20:02 ET (01:02 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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