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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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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management