Gas Brasiliano Distribuidora SA

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The consortium Gas Brasiliano Distribuidora SA won the 30-year concession to expand the gas distribution network in the northwest region of the state of Sao Paulo, area also know as area 2. The consortium’s members are the Italian groups Agip and Societa Italiana de Gas. The winning bid offered by the consortium was US$ 142.9 million (R$ 274.9 million) 149% higher than the minimum bid required by the government of the State Paulo. The concession region has 141,623 square kilometers, which accounts for 57% of the total Sao Paulo state area. There are 375 counties in the region where 7.7 million people live, which accounts for 20% of the total population of the state. In 2011, Gaspetro, a subsidiary of the state-owned company Petrobras, aquired all the shares of Gas Brasiliano for US$ 250 million. In the end of 2016, a 49% stake of Gaspetro was sold to the Japanese company Mitsui.