Save Article Instructions
Close 

BG to sell stake in Indian gas distributor

BG Group has agreed to sell its majority interest in Gujarat Gas Co. Ltd., India’s largest nongovernment gas distribution company, for $470 billion.

BG Asia Pacific Holdings Pte. will sell the 65.12% interest to GSPC Distribution Networks Ltd., a subsidiary of Gujarat State Petroleum Corp.

Subject to regulatory approval, the transaction will be complete in the first half of 2013.


To access this Article, go to:
http://www.ogj.com/content/ogj/en/articles/2012/10/bg-to-sell-stake-in-indian-gas-distributor.html