Energy Co. BG Group Eyes $1.8B Comgas Sale To Trim Assets

Law360, New York (May 3, 2012, 12:03 PM EDT) -- BG Group PLC is inching toward a $1.8 billion sale of its stake in a Brazilian gas distributor, in line with its two-year plan to unload billions of dollars in assets, the oil and gas giant said Wednesday.

Along with Brazil's Cosan SA Industria e Comercia, a sugar and ethanol company, the U.K.-based group has signed a memorandum of understanding that would exchange its 60 percent stake in Comgas for the hefty sum, according to BG Group.

BG Group earlier this month hinted at a Cosan...
To view the full article, register now.