Engie and the Caisse prevailed after multiple rounds of bidding for the unit, known as TAG, beating out Macquarie Group Ltd. and a joint bid from EIG Global Energy Partners and Mubadala Development Co. It is the biggest-ever single asset sale for Petrobras, whose new chief executive officer has sought to speed divestitures that began years ago, when the state-run energy giant briefly became the world’s most indebted oil company. Engie has been selling oil and coal assets in recent years to fund investment in wind and solar power, energy efficiency services, and gas and power networks, betting that they offer faster growth prospects and more predictable returns.
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