The region's economy will shrink more than expected this year, though it will bounce back in 2017, as the global economy has yet to fully recover.
The move is part of the UK-based resources giant's plans to raise up to US$4bn through the sale of non-strategic assets to cut its debt.
Natural gas distributors in Brazil tend to be financially robust and are well-placed to expand their market footprints, Fitch senior analyst Gustavo Mueller tells BNamericas.
Energy group highlights conflict of interest between minority-held companies and core business units.
The negotiations, which began in late July, center on Companhia Petroquímica de Pernambuco (Petroquímica Suape) and Companhia Integrada Têxtil de Pernambuco (Citepe).
The oil cartel has agreed to slash output by around 700,000b/d in a bid to end a two-year price slump that has eroded crude export revenues and sent shockwaves through global markets.
The Brazilian mining giant responds to a claim that it was poised to announce the sale of its fertilizer business to US firm Mosaic for US$3bn.