Cosan group company buys 51% of Gaspetro

Compass made the purchase of 51% of Gaspetro. With the acquisition of the company that has a stake in 19 state distributors of piped gas, Compass becomes the largest distributor of gas in the world. The acquisition that still needs to go through approvals, for example, that of competition defense agencies and should move about R$ 2.03 billion.

According to Petrobras, in addition to the sale aimed at optimizing the portfolio and generating value, it is also part of the commitment signed with CADE (Administrative Council of Economic Defense), a plan implemented in the Michel Temer government to reduce the state presence in the sector. Competing companies would be on alert with Compass's "sovereignty."

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