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Monday, April 8, 2019

Engie-led consortium seals $8.6 billion purchase of Petrobras pipeline unit

A consortium led by French utility Engie has won a bid for Petrobras' TAG pipeline arm with an $8.6 billion offer, in a deal that boosts Engie's presence in a fast-growing sector and will help Petrobras cut its debts.


from Reuters: Business News https://reut.rs/2G8yX1O

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BP sells stake in motor oil arm Castrol for $6bn

BP has sold a 65% stake in its motor lubricant arm Castrol to US-based investment firm Stonepeak. from BBC News https://ift.tt/IDnaZ60