According to local press sources, Petrobras is mulling over selling its natural gas subsidiary, Gaspetro. This is part of the divestment plan.
Petrobras has hired Itau BBA Bank to structure the sale. Mitsui Gas and Energy is quoted as being the most likely candidate for the take over.
Mitsui is already a joint venture partner with Gaspetro in several natural gas distributors in Brazil, representing 8% of the natural gas distribution market.
Price was not divulged. No comments from either company.
Brazil Energy Insight 
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