São Paulo, May 3, 2012 - COSAN S.A. INDÚSTRIA E COMÉRCIO
(BM&FBOVESPA: CSAN3)("Cosan" or
"Company") announces that it signed today a
Memorandum of Understanding with BG Group to acquire its
stake of 60.1% in Companhia de Gás de São Paulo - Comgás
("Comgás") (BM&FBOVESPA: CGAS3 and CGAS5) for the
amount of R$ 3.4 billion, equivalent to 73.4% of the common
shares and 11.8% of the preferred shares of Comgás.
Cosan and BG Group expect to execute the definitive share
sale agreement soon, which is subject to the consent of BG
Group's partner in Comgás according to its shareholders
agreement.
Cosan will notify the regulatory authorities within the
legal deadline for obtaining all necessary approvals.
Comgás is the largest distributor of piped natural gas in
Brazil. Its network comprises more than 5,000 kilometres of
pipelines that deliver natural gas to over 1,000,000
residential, retail and industrial customers in 64 cities.
Its concession area comprises 177 municipalities in
metropolitan São Paulo, metropolitan Campinas, the coastal
area around Santos (Baixada Santista) and the Paraíba
Valley, accounting for about a quarter of Brazil's
gross domestic product (GDP).
The Company will inform the market once executed the
definitive share sale agreement, when it will also inform
actions related to article 256 of Brazilian Corporations
Law and others rules applicable to the transaction.
Marcelo Martins
Chief Financial and Investor Relations Officer
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About COSAN
Cosan is one of the largest private groups in Brazil and the only fully integrated company in the renewable energy segment, with businesses in the areas of energy, food, logistics, infrastructure and farmland development and management. Through Raízen, a joint venture between Cosan and Shell, produces sugar and ethanol and distributes fuels through a network of 4,500 service stations with Shell and Esso brands. In sugar retail, Cosan operates with the leading brands União and Da Barra, among others. With the Mobil brand, Cosan produces in Brazil and distributes nationwide and in 3 more countries in South America automotive and industrial lubricants. In logistics, operates the Rumo Logística, the largest company specialized in transporting and loading of sugar and grains in the world.
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