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.
Subscribe to 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
Sign up for MoneyWeek's newsletters
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.
-
How taking a two-year career break could leave a £26k hole in your pension
Career breaks are increasingly common but it is important to take steps to protect your pension, as gaps compound over time
-
Cash in on your attic: Thousands could be sitting dormant in your storage
Selling your valuables at auction could be far more lucrative than you think. We take a look at how auctions work, and some tips to help you maximise your profits