Petróleo Brasileiro S.A., commonly known as Petrobras, has launched the binding phase of the sale of its remaining 10% stake in the natural gas pipeline network Nova Transportadora do Sudeste (NTS). 

In 2016, the Board of Directors of Petrobras has approved the sale of the 90% of the shares of Nova Transportadora do Sudeste (NTS) to Brookfield Infrastructure Partners (BIP) and its affiliates, through a Private Equity Investment Fund (FIP) that has as other shareholders British Columbia Investment Management Corporation (BCIMC), CIC Capital Corporation (a wholly-owned subsidiary of China Investment Corporation - CIC) and GIC Private Limited (GIC).

Nova Transportadora do Sudeste (NTS) line of business is in midstream oil and gas that covers operation in Sao Paulo, Minas Gerais, and Rio de Janeiro.

The potential buyers will receive an invitation letter with instructions on the sale process that would include due diligence and binding proposals.