March 9, 2017 / 11:08 PM / in a year

Brazil's Petrobras says injunction blocking sale of gas unit NTS overturned

SAO PAULO, March 9 (Reuters) - Brazil’s state-controlled oil company Petroleo Brasileiro SA said on Thursday that an injunction blocking the sale of its gas pipeline unit Nova Transportadora do Sudeste SA (NTS) to a group led by Canada’s Brookfield Asset Management Inc has been overturned.

Petrobras, as the company is known, said in a securities filing that it plans to continue with NTS divestiture. The group led by Brookfield agreed to pay $5.2 billion for the unit in September. (Reporting by Tatiana Bautzer; Editing by Daniel Flynn)

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