BG Group PLC Completes Sale Of Comgás Stake To Cosan S.A. Indústria e Comércio

Tuesday, 6 Nov 2012 02:00am EST 

BG Group PLC announced that it completed the previously announced transaction to sell the Group's entire 60.1% holding in Comgás, Brazil's gas distribution company. for a consideration of Brazilian reais 3.4 billion, or approximately $1.7 billion, to Cosan S.A. Indústria e Comércio (Cosan). The transaction was concluded after BG Group and Cosan obtained the necessary approvals from the São Paulo State Sanitation and Energy Regulation Agency and the Economic Defense Administrative Board. 

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