en.Wedoany.com Reported - The Sergipe state government has completed the acquisition of Mitsui Gás e Energia's stake in Sergipe Gás S.A. (Sergas), making the natural gas distributor a 100% state-owned enterprise. The transaction amounted to R$152,693,562.14 and was executed by the State Department of Economic Development and Science and Technology (Sedetec), to which Sergas is affiliated, on behalf of the government.

The origins of this transaction date back to 2025, when the Sergipe state government acquired Norgas's shares in Sergas for R$132 million, making the state the majority shareholder with a 58.5% stake. Subsequently, the government entered into negotiations with Mitsui, which held the remaining shares, to seek full control of the distributor.

To facilitate the acquisition of Mitsui's shares, the state government submitted Bill No. 106/2026 to the Sergipe State Legislative Assembly (Alese), which was approved on April 30 of this year. The bill authorized the necessary budgetary adjustments, allowing cash on hand to be used for the purchase of company shares.

Sedetec Director Valmor Barbosa stated that the funds for the share acquisition came from revenues from water and sewage service concessions. By reinvesting these funds, the state government transformed a company operating natural gas—a resource of strategic national importance—into a state-owned enterprise.

This acquisition is another step in the state government's efforts to strengthen its role in the energy sector. With the expansion of the Sergipe Hub and the advancement of structural projects such as the Sergipe Deepwater Project (Seap), the potential for natural gas supply growth in the coming years is significant, making this issue increasingly important. The measure is considered crucial for attracting productive investments in the industrial and energy sectors, while also having the potential to stimulate job creation and income growth. With full control of the distributor transferred to the state government, Sergipe will expand its planning capacity, optimize the business environment, enhance competitiveness, and promote rate fairness in the sector.

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