| Brazil's troubled state-run oil company Petrobras is close to selling a 81 per cent stake in a natural gas pipeline network in Brazil for nearly US$6 billion to a consortium led by Brookfield Asset Management Inc.
Singapore sovereign-wealth fund GIC Pte Ltd, the Chinese sovereign-wealth fund China Investment Corp and the Greenwich, Connecticut-based private equity firm First Reserve Corp are also part of the group of buyers, said two of the people, asking not to be identified because the discussions are private. The deal is expected to be signed as soon as next month, one of the people said. Brookfield and First Reserve declined to comment on the deal. Petrobras, CIC and GIC didn't immediately reply to requests for comment...............................................Full Article: Source
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