Companhia de Gas do Ceara

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Cegas is the gas distribution utility of the Ceara state, with a 50-year exclusive concession agreement. Cegas was created in 1993, as a joint-venture between the government of Ceara and the state-owned company Petrobras, and started commercial operations in 1994. In Apr. 1995, Vicunha's subsidiary Textilia acquired a 24.5% stake in Cegas from Petrobras in 1996 for approximately US$ 1 million. Cegas has a distribution network of 478 KM, and supplies natural gas mostly to industrial consumers. In 2014, Mitsui acquired a stake at Cegas. The shareholding structure was established as follows: state of Ceara, 17%; Petrobras subsidiary Gaspetro, 41,5%; and Mitsui, 41,5%. In the end of 2016, a 49% stake of Gaspetro was sold to the Japanese company Mitsui. Commit. Inv. in Facilities was updated. Investments were removed because % private is less than 51%: Year % Private Inv. in Gov. Assets Inv. in Facilities 1996 25 1 2003 25 0 1 2004 25 0 6.9 2005 25 0 0