Shell has sold its 16.8% interest in gas distributor Companhia de Gas de São Paulo (Comgás) to Brazilian conglomerate Cosan for $380 million.
Cosan, which already controlled 62.7% of Comgás, agreed to a deal when it took control of the distributor in 2012, the Valor Econômico newspaper reported in July.
"This transaction allows us to focus our efforts in Brazil on areas where we see the most strategic value for Shell longer-term," Maarten Wetselaar, Shell’s integrated gas and new energies director, was quoted as saying....
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up