BG Group completes sale of Comgás
BG Group, the FTSE 100 gas giant, has completed the sale of its entire 60.1 per cent holding in Comgás to Cosan Indústria, reducing the company's debt by around one billion dollars.
BG Group, the FTSE 100 gas giant, has completed the sale of its entire 60.1 per cent holding in Comgs to Cosan Indstria, reducing the company's debt by around one billion dollars.
The consideration was sold for around $1.7bn and was completed after the companies obtained the necessary approvals from the So Paulo State Sanitation and Energy Regulation Agency and the Economic Defense Administrative Board.
The sale was announced back in March and forms part of BG's portfolio rationalisation programme.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The completion of the transaction follows agreement in early October to sell BG's controlling interest in India's Gujarat Gas Company for approximately $470m and the sale in May of the group's interests in two Philippines power plants for $360m.
NR
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
What the EU’s new Entry/Exit System means for your holiday
Brits are facing longer waits at EU borders and are being urged to be ready to show insurance documents. How does the new Entry/Exit System work?
-
NHS pensioners rush to use retire-and-return scheme – how it works
The scheme to keep experienced staff from leaving the health service has been a success with a 300% rise in the number of people retiring and then returning to the NHS