By Ricardo Brito
BRASILIA, May 29 (Reuters) - Engie Brasil Energia EGIE3.SA informed Brazil's Supreme Court that it had already raised $3 billion abroad to buy Petrobras' TAG pipeline unit when the top court suspended the $8.6 billion acquisition last week, according to a document seen by Reuters on Wednesday.
A consortium led by the subsidiary of French gas and power group Engie ENGIE.PA had already closed the purchase of Transportadora Associada de Gás, or TAG, from state-run oil company Petroleo Brasileiro SA PETR4.SA in April and received approval from Brazil's antitrust regulator for the deal. told the court its decision had "created a situation of extreme juridical insecurity" because it had already begun an operation involving "significantly" costly financial resources to buy a 90% stake in TAG.
Supreme Court judge Edson Fachin issued an injunction on Friday suspending some major divestments by Petrobras at the request of an oil workers union. full court will debate the injunction on Thursday.
Under the deal agreed with Petrobras, the oil company would retain a 10% stake in TAG, which operates 4,500 kilometers (2,800 miles) of gas pipelines. Engie and its subsidiary will control 58.5% and Quebec pension fund CDPQ will hold 31.5%.