COMPANHIA DE GAS DE SAO PAULO.COMPANHIA DE GAS DE SAO Sa´o n. 1. (Zool.) Any marine annelid of the genus Hyalinæcia, especially H. tubicola of Europe, which inhabits a transparent movable tube resembling a quill in color and texture. PAULO (Comgas), Brazil's largest natural gas distributor, was acquired for about US$1 billion by a consortium of British and Dutch companies. It was the first privatization in Brazil since the devaluation devaluation, decreasing the value of one nation's currency relative to gold or the currencies of other nations. It is usually undertaken as a means of correcting a deficit in the balance of payments. of the currency in January. The consortium, which includes Royal Dutch Shell Royal Dutch Shell plc is a multinational oil company of British and Dutch origins. It is one of the largest private sector energy corporations in the world, and one of the six "supermajors" (vertically integrated private sector oil exploration, natural gas, and petroleum product and British Gas, outbid out·bid tr.v. out·bid, out·bid·den or out·bid, out·bid·ding, out·bids To bid higher than: We outbid our rivals at the auction. U.S.-based Enron and two other groups. Comgas has 300,000 customers in Sao Paulo. Royal Dutch Shell already owns 16% interest in Comgas, while British Gas has invested in the Brazil-Bolivian natural gas pipeline project. British Gas will hold a 70% interest in Comgas; Shell will hold 26%; Companhia Paulista de Forca e Luz will hold the remainder. |
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