January 16, 2019 / 8:33 PM / a month ago

Brazil's solicitor general overturns one legal bar to Petrobras unit sale

SAO PAULO, Jan 16 (Reuters) - Brazil’s solicitor general has overturned one injunction that prevented state-controlled oil company Petroleo Brasileiro SA from proceeding with one of its largest divestitures, the government said in a statement.

Petrobras previously had targeted the sale of a 90 percent stake in gas pipeline unit Transportadora Associada de Gas, known as TAG, which is expected to fetch more than $7 billion. (Reporting by Tatiana Bautzer)

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