Brazil's Cosan says $10 billion capital increase not aimed at funding Raizen
22/09/2025 13:14
Corrects currency in headline to Brazilian real, not US dollars SAO PAULO, Sept 22 (Reuters) - Brazilian conglomerate Cosan's CSAN3.SA plans to raise up to 10 billion reais ($1.9 billion) through public offerings aims to stabilize its financial position, and none of the funds raised will be allocated to its joint venture with Shell SHEL.L, Raizen, CFO Rodrigo Araujo said on Monday. (Reporting by Luciana Magalhaes; Editing by Sarah Morland) ((fernando.cardoso@thomsonreuters.com;))
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