Cosan SA (CSAN3.SA)
19 Jul 2019
R$ -0.78 (-1.55%)
Latest Key Developments (Source: Significant Developments)
Oct 10 (Reuters) - Shell -:Shell divests its interest in Comgas for a headline of $380 million.Shell Gas Bv, Shell Brazil Holding Bv and Integral Investments Bv signed an agreement with Cosan Ltd.Agreement with Cosan to execute put option agreement which allows Shell to sell all of its 16.8% interest in Comgas to Cosan.Shell will exchange its 21.8 million common shares in Comgas for Cosan S.A. shares plus cash.Headline for the transaction with Cosan is approximately US$380 million. Full Article
SAO PAULO, July 15 Recently announced plans to foster competition in the Brazilian natural gas market may trigger a wave of privatizations among state-controlled distribution companies, luring international and domestic bidders, experts on the sector say.