At least three investors left separate groups interested in acquiring a gas netw...
FILE PHOTO: A logo of the Brazil's state-run Petrobras oil company is seen in Rio de Janeiro, Brazil March 25, 2019. REUTERS/Sergio Moraes
Those departures will likely leave a third group, led by France’s Engie SA with Canadian pension fund Caisse de Depot et Placement du Quebec, stronger. The final bids for TAG, as the unit is known, are due on Tuesday. A second group, led by Mubadala Investment Company and EIG Global Energy Partners, had been in talks with the world’s largest investment firm, BlackRock Inc, but the company gave up.
The weakening of the Itausa Investimentos and Mubadala groups raises the chance of Engie, which was the winner of the first bid round, winning the deal. It is not clear if the three groups will deliver the proposals as it was previously expected.
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