Tauil & Chequer Advogados advises CDPQ on the acquisition of an additional 15% stake in Transportadora Associada de Gás S.A. - TAG for R$3.1 billion

Tauil & Chequer Advogados in association with Mayer Brown assisted Caisse de dépôt et placement du Québec (CDPQ) on acquiring an additional 15% stake in the share capital of Transportadora Associada de Gás S.A. - TAG from ENGIE Brasil Energia. The transaction is valued at approximately R$3.1 billion, subject to customary price adjustments.

The closing of the transaction is expected by the end of January 2024, subject to usual closing conditions for transactions of this kind. Following the completion, each shareholder, Engie and CDPQ, will hold a 50% stake in TAG.

TAG holds and manages a significant portion of Brazil's natural gas transportation assets, spanning over 4,500 kilometers and 10 states in the North, Northeast and Southeast regions.

The team was led by partners Alexandre Chequer, Bruno Salzano and Débora Yanasse and senior associate Maurício Veiga.