|Bid||12.90 x 0|
|Ask||12.89 x 0|
|Day's Range||12.64 - 12.91|
|52 Week Range||10.63 - 13.80|
|Beta (3Y Monthly)||1.46|
|PE Ratio (TTM)||10.96|
|Forward Dividend & Yield||0.08 (0.64%)|
|1y Target Est||13.75|
Most Latin American currencies firmed on Friday against a tepid dollar on resurgent risk sentiment, with rising oil prices supporting firmness among the region's net oil exporters' currencies. Oil-related ...
CVC Capital Partners and Brazilian investment firm Itausa Investimentos Itau SA are among the groups interested in an LPG distribution unit put on the block by Brazil's Petrobras, two sources with knowledge of the matter said. Petroleo Brasileiro SA, as the state-controlled oil company is formally known, expects interested parties to sign confidentiality agreements, the first step to participate in the sale process of Liquigas Distribuidora SA, by April 19. Petrobras had agreed in 2016 to sell Liquigas Distribuidora to local rival Ultrapar Participacoes SA in a 2.8 billion-real ($720 million) deal, that was blocked by Brazil's antitrust watchdog Cade in February 2018.
French energy company Engie and Canadian pension fund Caisse de Dépôt el Placement du Québec (CDPQ) will tap into both dollar- and Brazilian real-denominated debt with nine lenders to back its purchase of the Transportadora Associada de Gás (TAG) natural gas pipeline in Brazil from state-controlled energy company Petróleo Brasileiro (Petrobras), according to three sources familiar with the transaction. The consortium will acquire a 90% stake in TAG after it made Petrobras an US$8.6bn offer on Friday for the asset, the largest-ever bid for a gas pipeline in Latin America.
SAO PAULO/RIO DE JANEIRO, March 18 (Reuters) - Australia's Macquarie Group is leaving one of the groups that will present a new bid for a gas pipeline network put on sale by Brazil's state-controlled oil company Petrobras, three sources with knowledge of the matter said on Monday. The other members of the group, sovereign wealth fund GIC Pte Ltd and Brazilian investment firms Itausa Investimentos Itau SA and Cambuhy Investmentos SA, will present a new bid for the pipeline network by the April 2 deadline, the sources said. The sale of TAG, as the pipeline network is known, is expected to be the largest divestment in Petroleo Brasileiro SA asset sale program.