Belgian company Fluxys acquires 33.3% of Total Brazil and will own 37% of TBG

Brazil’s antitrust agency, CADE, approved the acquisition by Belgium’s Fluxys of Total Gas & Power Brasil’s 33.33% stake in BBPP Holdings, which owns 29% of Transportadora Brasilera Gasoducto Bolivia-Brasil (TBG), and will now own 37% of TBG, which operates a 2,600km pipeline network (Gasbol) that moves gas from Bolivia to Brazil. Brazil’s state-owned Petrobras controls TBG, whose 51% stake is for sale. Bolivian state-owned YPFB owns the remaining 12%.

Source: El Deber