Cosan deals stake in Compass

Cosan deals stake in Compass

Equity Capital Markets Energy Gas Funds Brazil

Brazilian energy group Cosan said it received BRL810 million ($156 million) from local investment management firm Atmos Capital for a 4.68% stake in its natural gas division Compass, according to a securities filing. Online business news service Brazil Journal reported on the investment in late May, saying the deal valued Compass at BRL16.5 billion.  Compass operates the distribution company Comgás and also owns businesses in natural gas infrastructure, generation and trading. It planned to rais

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