Brazil bid for BG stake in Comgas

Brazil's Cosan is in talks to buy British BG Group's stake in the gas distributor Comgas, in a deal that would further diversify the Brazilian energy group. BG and Cosan confirmed yesterday their negotiations over BG’s 60 per cent stake in Comgas, Brazil's largest gas distribution company, without mentioning the value of the deal. Their statements followed a report by Brazilian magazine Exame that the companies were discussing the sale of BG's stake for 2.5bn reais (£857m).