Tauil & Chequer advises on acquisition of TAG stake from Petrobras

Tauil & Chequer (T&C) in association with Mayer Brown has advised Le Caisse de dépôt et placement du Québec (CDPQ), GDF International and Engie Brasil Energia on the acquisition of a 90 per cent shareholding stake in Transportadora Associada de Gás from Petrobras, with a final and binding offer of $8.6 billion.

The acquisition of TAG – the largest natural gas transportation company in Brazil, with approximately 4,500km of gas pipeline infrastructure located along the coast of the northeast and southeast regions, in addition to a pipeline in the north – is Engie’s debut in the natural gas segment in Brazil and CDPQ’s first infrastructure investment in Brazil.

T&C played a prominent role in this groundbreaking transaction in a challenging regulatory environment by advising CDPQ and Engie in corporate, regulatory, tax, compliance, litigation, real estate, labor and antitrust aspects.

Corporate & Securities partners Alexandre Chequer (pictured), Victor Galante and Débora Yanasse led the firm’s advisory team in the transaction.