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Cosan Continues Diversification with Comgas Buy

May 4, 2012

Cosan has agreed to pay BRL3.4bn ($1.79bn) for the 60.1% of Brazilian gas distributor Comgas owned by BG Group, it says, following discussions announced earlier this month. The deal marks an entry for Cosan into gas distribution, as it continues expanding from sugar and ethanol into fuel distribution and transport both inside and outside Brazil. The...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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