Brazil's Raizen sells sugarcane mill to Adecoagro
Brazil's Raizen sells sugarcane mill to Adecoagro SAO PAULO, July 20 (Reuters) - Brazilian sugar and ethanol maker Raizen RAIZ4.SA has agreed to sell its Caarapo sugarcane mill in Mato Grosso do Sul state to Adecoagro Vale do Ivinhema for 760 million reais ($148.68 million), it said on Monday.
Raizen has been trimming its agro-industrial portfolio amid a broader restructuring.
Deal also covers the assignment of owned sugarcane and supplier contracts tied to the mill.
Mill processed about 3.5 million metric tons of sugarcane during the 2025/26 crop year.
Raizen will operate a total of 23 mills with crushing capacity of 69 million tons of cane per crop year following the deal.
($1 = 5.1116 reais)
(Reporting by Gabriel Araujo; Editing by Kirsten Donovan)
((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