Comgás

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Companhia de Gás de São Paulo
Comgás
Sociedade Anônima
Traded as BM&F BovespaCGAS3, CGAS5
Industry Oil and gas industry
Founded 1872
Headquarters São Paulo, Brazil
Key people
Nelson Gomes, (CEO)
Services Natural gas distribution
Revenue IncreaseUS$ 2.5 billion (2012) [1]
IncreaseUS$ 262.4 million (2013)[1]
Number of employees
1,210
Parent Cosan
Website www.comgas.com.br

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.

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[edit]

  1. ^ a b [1]
  2. ^ "BG Group Closes Sale Of Comgás Stake - Quick Facts". RTT News. 2012-11-06. Retrieved 2012-12-03. 

External links[edit]