Comgás

Companhia de Gás de São Paulo - Comgás

Type	Sociedade Anônima
Traded as	BM&F Bovespa: CGAS3, CGAS5
Industry	Energy
Founded	1872
Headquarters	São Paulo, Brazil
Products	Natural gas
Revenue	US$ 2.3 Billion (2010) [1]
Net income	US$ 347.1 Million (2010) [2]
Employees	952
Parent	BG Group
Website	www.comgas.com.br

Comgás (BM&F Bovespa: CGAS3, CGAS5) is a Brazilian gas distributor focused on São Paulo (state). It is Brazil's biggest gas distributor, with around 770,000 residential, commercial and industrial customers in 2004, who receive gas through some 5,400 kilometres of pipelines. Comgás was founded in 1872. The company had been wholly owned by the São Paulo state-owned power generation utility, Companhia Energética São Paulo until April 1999, when CESP's stake was sold to the British company BG Group and to Royal Dutch Shell. Comgas sells gas under a 30 year franchise, with a potential for a further 20 years.

BG Group owns 60.1% of Comgas's stock, and Shell 18.2%. The remainder is publicly traded on BM&F Bovespa

References

1. ^ [1]
2. ^ [2]

External links

• The company's home page in Portuguese

Companies portal