BG MOU With Cosan For Sale Of Its 60.1% Holding In Comgas For $1.8 Billion

Date : 05/03/2012 @ 2:47AM
Source : Dow Jones News
Stock : Cosan Limited Class A (CZZ)
Quote : 10.675  0.075 (0.71%) @ 11:05AM

BG MOU With Cosan For Sale Of Its 60.1% Holding In Comgas For $1.8 Billion

BG Group (LSE:BG.)
Historical Stock Chart

5 Years : From Jan 2013 to Jan 2018

Click Here for more BG Group Charts.

BG Group PLC (BG.LN), a natural gas and oil exploration company, said Thursday that it has signed a memorandum of understanding or MoU with Cosan S.A. Industria e Comercio for the sale of its 60.1% holding in Comgas, Brazil's largest gas distribution company, for $1.8 billion.


-Subject to partner consent, BG Group and Cosan expect to execute a definitive sale agreement in the near term.

-The transaction, which will be subject to regulatory approval, is likely to complete by the end of 2012.

-Shareholders in Comgas are BG Group--60.1% and Royal Dutch Shell PLC (RDSA.LN)--18.1% with the remainder held via the public through a listing on the Sao Paulo stock exchange.

-BG Group shares closed Wednesday at GBP14.51, valuing the company at GBP49.29 billion.

-By Razak Musah Baba, Dow Jones Newswires; 44-20-7842-9275;

Latest CZZ Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.