Brazil's Raizen announces restructuring plan, including Shell injection
03/06/2026 11:15
Brazil's Raizen announces restructuring plan, including Shell injection SAO PAULO, June 3 (Reuters) - Brazilian sugar and ethanol maker Raizen RAIZ4.SA published on Wednesday a draft out-of-court debt restructuring plan, saying that holders of local debentures and CRA certificates would meet later in the day to deliberate.
The plan includes a 3.5 billion-real ($699.36 million) injection from Shell SHEL.L at 0.25 real per share and a potential additional 500 million-real capital injection by billionaire Rubens Ometto's Aguassanta holding, a securities filing showed.
($1 = 5.0046 reais)
(Reporting by Gabriel Araujo, Editing by Louise Heavens)
((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))
Recent news on Cosan
See all newsBrazil's Cosan says exclusive talks over interest in Rumo ended with no agreement
Media: Brazil's Cosan rethinks asset sales after debt cut, Bolsonaro-led rally - Bloomberg News
Brazil equities soar most since 2020 after Bolsonaro tops first-round vote
Brief: Fitch Removes Cosan's Negative Watch And Affirms IDRs at 'BB-'
Brief: Brazil's Cosan Says Has Not Made Decision On Transaction Involving Rumo