Newsroom
Press Release

White & Case Advises Lenders on the Financing for the US$8.6 Billion Acquisition of Petrobras Subsidiary That Owns 4,500 Km Gas Pipeline

Global law firm White & Case LLP has advised a syndicate of ten international and Brazilian banks on the financing of ENGIE S.A.'s and Caisse de dépôt et placement du Québec's (CDPQ) approximately US$8.6 billion acquisition of 90% of Transportadora Associada de Gás S.A. (TAG), the owner of an approximately 4,500 km natural gas pipeline network in Brazil, from Petróleo Brasileiro S.A. – Petrobras. 

ENGIE will have a 58.5% participation in the asset (of which 29.25% is held through its local subsidiary ENGIE Brasil Energia S.A.), and CDPQ will have a 31.5% participation. Petrobras has retained a ten percent stake in the company.

The White & Case team that advised on the transaction was led by partner John Anderson and associate Sean Williams (both in São Paulo). Partner Ian Cuillerier and associate Roxane Picard in New York led the interest rate hedging aspects of the transaction.

Press contact
For more information, please speak to your local media contact.