BG Group says it has completed the £270million sale of its majority stage in India’s largest private natural gas distributor.
The gas giant had held a 65.12% holding in Gujarat Gas, before announcing in October last year it would be selling to a subsidiary of Gujurat State Petroleum Company.
The transaction, part of a rationalisation programme as the company refocuses on exploration and production, has been completed after BG Group and GSPC received final approval from India’s competition commission and Reserve Bank.
Recommended for you
