October 23, 2017 / 11:03 AM / a year ago

Brazil's Petrobras starts non-binding phase of gas pipeline sale process

BRASILIA, Oct 23 (Reuters) - Brazilian oil company Petróleo Brasileiro SA has started the non-binding phase of its process to sell a 90 percent stake in a gas pipeline system known as Transportadora Associada de Gás (TAG), the company said on Monday.

Petrobras, as the company is known, announced in September the sale of a 90 percent stake in TAG, a wholly owned subsidiary operating a 4,500-kilometer (2,800-mile) pipeline system mostly in the country's north and northeast. (Reporting by Silvio Cascione; Editing by Jeffrey Benkoe)

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