July 23, 2020
Brazilian fuel distribution business BR Distribuidora said Wednesday that it has settled a dispute with the Espírito Santo state government by signing a long-term natural gas concession contract with Gás do Espírito Santo (ES Gás).
BR owns 60% of ES Gás, while the state government has the other 40%. BR has distributed natural gas in Espírito Santo since 1993, but ES Gás takes over the operations under a 25-year contract on August 1, according to a securities filing.
State-owned oil company Petro
Brazilian fuel distribution business signs a 25-year concession contract with ES Gás, where it has a 60% stake