Brazil sugar maker Raizen sells two mills in divestment push

Cosan

29/08/2025 12:33

SAO PAULO, Aug 29 (Reuters) - Brazilian sugarcane processor Raizen RAIZ4.SA has agreed to sell the Rio Brilhante and Passa Tempo mills to Cocal Agroindustria in a deal totaling 1.54 billion reais ($284.07 million), it said in a securities filing on Friday.

The move is part of a broader divestment strategy by one of the world's largest sugar producers in the face of operational challenges and high debt.

($1 = 5.4212 reais)

 (Reporting by Gabriel Araujo
Editing by David Goodman
)

 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5047-3352;))