International law firm Freshfields Bruckhaus Deringer is advising BG Group, the FTSE 100 global energy company, on the sale of its 60.1% holding in Comgás, Brazil’s largest gas distribution company. Cosan, the integrated sugar, ethanol and renewables group and one of the largest private sector groups in Brazil, will pay Brazilian reais 3.4 billion in cash (approximately US$1.7 billion) on closing.
‘This is our first major M&A transaction for BG Group and it highlights the continued attractiveness of the energy sector in Brazil. In addition, it underlines our growing strength working with Brazilian counsel to advise on high-profile Brazilian M&A - Freshfields is also advising Spanish infrastructure investor Abertis on a significant Brazilian motorway asset transaction,’ said Freshfields Corporate partner Graham Watson.
The Freshfields team on the Comgás transaction is being led by London-based partner Graham Watson with support from fellow Corporate partners Mark Rawlinson (London) and Robert ten Have (Amsterdam) and Tax partners Sarah Falk (London) and Eelco van der Stok (Amsterdam). Key team members include senior associate Richard Jones (London Corporate) and associates Nicholas Jones (London Corporate), Sarah Perfect (London Tax), Lisa Hees (Amsterdam Corporate) and Kim Bosga (Amsterdam Tax).
