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Comgás

Company nameCompanhia de Gás de São Paulo - Comgás
Company typeSociedade Anônima
Slogan-
IndustryEnergy
Founded1872
HeadquartersSão Paulo, Brazil
ProductsNatural gas
Revenue(+)US$ 2.3 Billion (2010)
Net income(-)US$ 347.1 Million (2010)
Employees952
ParentBG Group

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Comgás (BM&F Bovespa: CGAS3, CGAS5) is a Brazilian gas distributor focused on São Paulo (state). It is Brazil's biggest gas distributor, with around 770,000 residential, commercial and industrial customers in 2004, who receive gas through some 5,400 kilometres of pipelines. Comgás was founded in 1872. The company had been wholly owned by the São Paulo state-owned power generation utility, Companhia Energética São Paulo until April 1999, when CESP's stake was sold to the British company BG Group and to Royal Dutch Shell. Comgas sells gas under a 30 year franchise, with a potential for a further 20 years.

BG Group owns 60.1% of Comgas's stock, and Shell 18.2%. The remainder is publicly traded on BM&F Bovespa




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