LONDON--Natural gas firm BG Group PLC (BG.LN) said Tuesday it has completed the previously announced transaction to sell its entire 60.1% holding in Comgas for 3.4 billion Brazilian real ($1.7 billion) to Cosan S.A. Industria e Comercio (CSAN3.BR).

MAIN FACTS:

-In addition, debt on the BG Group balance sheet has been reduced by some $1 billion.

-BG shares closed in London Monday at 1089 pence valuing the company at 37.03 million pounds.

-Write to Ian Walker at ian.walker@dowjones.com

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