Shell sells Comgás interest to Cosan

first_imgThe Hague-based LNG giant Shell, through its units Shell Gas, Shell Brazil Holding and Integral Investments, has agreed to sell its 16.8 percent interest in Companhia de Gas de São Paulo (Comgás) to Cosan.Under the agreement, Shell will exchange its ~21.8 million common shares in Comgás for Cosan Indústria e Comércio shares plus cash, Shell said in a statement.Comgás is a gas distribution company in the São Paulo state of Brazil, primarily serving power, commercial, industrial and residential users.The headline for the transaction approximately $380 million and is expected to be completed by year-end. Comgás is Brazil’s largest gas distributor with Cosan currently a 63.4 percent shareholder.“This transaction allows us to focus our efforts in Brazil on areas where we see the most strategic value for Shell longer-term,” said Shell’s integrated gas and new energies director, Maarten Wetselaar.Shell added that it retains operations in Brazil that are not affected by this transaction, including its deepwater portfolio and downstream business, which includes participation in Raízen, one of the leading biofuel producers in Brazil.last_img read more

New JFF president Ricketts ready for work after elevation

first_imgKINGSTON, Jamaica, (CMC) – Clarendon Football Associaton president, Michael Ricketts, was Saturday elected to succeed the late Captain Horace Burrell as head of the Jamaica Football Association, and said he planned to immediately get to work in rebuilding the organisation.Ricketts beat out challenger Stewart Stephenson 8-5 to assume the mantle previous held by Burrell who passed away last June after a long battle with illness.“This is no honeymoon and I am very much aware of the challenges that we will face going forward,” the Gleaner newspaper quoted Ricketts as saying.But I am absolutely sure that we have the machinery, we have the personnel that will do the repair job that is necessary.”He added: “We feel we have the full support of the board of directors and I hope we have a very positive impact going forward, and from what we have seen, there are good things on the horizon.“We cannot speak of any particular arrangement, but we are working and we do hope that in short order, we will see positive change.”Jamaica remain the Caribbean’s most powerful football nation, emphasized in their outing at the CONCACAF Gold Cup last July when they reached the final for the second straight tournament only to lose again.They currently lie second in the Caribbean Football Union rankings behind Haiti, and are 61st in the FIFA rankings – the second highest-ranked regional side.However Ricketts, also the JFF’s South Central Confederation chairman, said there were domestic issues he also needed to address.“I am a parish president and I know the challenges of the presidents, and based on my experience and the number of times I was exposed by the late Captain Burrell, I believe I have the credentials and the support to do well,” he stressed.“But we must work together as a family in the interest of building football. We must work with the parish presidents and improve the support to the parish and once you improve support to the parishes you will improve your team and administrators.”He continued: “But each component of the game will be addressed under this new administration – refereeing, coaching and administration. And we must end up with a better product, because once we have a product of high quality, then we become more marketable.”last_img read more

SUNNY JULY SAW MASSIVE 800% INCREASE IN DONEGAL STAYCATIONS

first_imgTHE number of people from the rest of the Republic visiting Donegal during July increased by a massive 800%, a survey has found.The website ebookers.ie said the number of visitors coming to the real Ireland up here was TEN TIMES greater than the average increase.The number of Irish tourists in the county was twice that of the nearest other county – Wicklow. Jen Quinlan from bookers.ie said: “The unprecedented hot weather we have experienced so far this summer has meant we have seen a strong increase in the number of bookings for Ireland.“Oversees bookings are remaining steady, but the heatwave has caused an increase in domestic bookings that is great to see.”Failte Ireland spokeswoman Louise Tolerton welcomed the figures.She said: “This is great news and supports what we have be hearing from the industry over the last two months. We have had a great summer so far and the good weather has definitely given a boost to the tourism sector with a spike in Irish people holidaying here. “Irish holidaymakers are very weather dependent and traditionally will book their breaks at the last minute.“This year with the good weather there’s been a rush to traditional Irish holiday spots. The soaring temperatures will surely impact on the tourism sector’s performance for 2013, along with the boost from The Gathering.“Ireland is a great place to holiday and our Discover Ireland home holiday campaign has been working well over recent years to encourage more people to enjoy what is on their doorstep.“With a few more weeks left of the traditional summer break, there is still time to take advantage of what is here in Ireland.” SUNNY JULY SAW MASSIVE 800% INCREASE IN DONEGAL STAYCATIONS was last modified: August 13th, 2013 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalebookers.ieholidays in DonegalStaycationslast_img read more