Comgás

Comgás is a Brazilian gas distributor focused on São Paulo state. It is Brazil's biggest gas distributor, with around 1,6 million residential, commercial and industrial customers, as of 2016, who receive gas through about 14.000 kilometres (8.699 mi) of pipelines. Comgás was founded in 1872. The company had been wholly owned by the São Paulo state-owned power generation utility, Companhia Energética de São Paulo until April 1999, when CESP's stake was sold to the British BG Group and to Royal Dutch Shell. Comgas sells gas under a 30-year franchise, with a potential for a further 20 years.

Companhia de Gás de São Paulo
Comgás
Sociedade Anônima
Traded asB3: CGAS3, CGAS5
IndustryOil and gas industry
Founded1872
Headquarters,
Key people
Nelson Gomes, (CEO)
ServicesNatural gas distribution
RevenueUS$ 1.7 billion (2018) [1]
US$ 345.1 million (2018)[1]
Number of employees
1,210
ParentCosan
Websitewww.comgas.com.br

Brazilian conglomerate Cosan owns 61.73% of Comgas's stock, and Shell 17.12%. The remainder is publicly traded on BM&F Bovespa. Cosan acquired its stake from BG Group in November 2012 for $1.7 billion.[2]

References

  1. "BG Group Closes Sale Of Comgás Stake - Quick Facts". RTT News. 2012-11-06. Retrieved 2012-12-03.


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