RIO DE JANEIRO/NEW YORK — Brookfield Infrastructure Partners and clients of Brookfield Asset Management have agreed to buy a 90% stake in Nova Transportadora do Sudeste (NTS), a unit of Brazil’s state-controlled oil company Petroleo Brasileiro (Petrobras).A group led by Brookfield was buying the natural gas transmission assets in the southeast of Brazil for about $5.2bn, the company said in a statement on Friday.Brookfield Infrastructure’s investment would be at least about 20% the transaction, or about $825m payable on closing, according to the statement. The remainder would be owned by institutional partners.The deal was a unique opportunity to participate in a natural gas market that would grow substantially by 2030 as Brazil developed associated gas at giant offshore fields, Brookfield said.NTS’s infrastructure supplied gas to Brazil’s most populated and industrialised states of São Paulo, Rio de Janeiro and Minas Gerais."We expect this business will contribute meaningfully to o...
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