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BG sells gas utility in $2.7B deal

BG GROUP has made more progress with its plan to exit gas transmission and distribution, concluding the sale of its majority stake in a Brazilian utility.

Andy Graham

BG sold its 60.1% holding in Comgas, Brazil's largest gas distribution company, for $US1.7 billion, to Sao Paulo-based conglomerate Cosan. Cosan will also take on $1 billion in debt. The transaction...

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