Cosan’s Radar to sell 12% of farmland portfolio for $363.3 mln
17/06/2026 12:47
Cosan’s Radar to sell 12% of farmland portfolio for $363.3 mln SAO PAULO, June 17 (Reuters) - Brazilian conglomerate Cosan CSAN3.SA said on Wednesday its Radar unit has agreed to sell part of its farmland portfolio in Brazil’s Mato Grosso state for 1.85 billion reais ($363.27 million), of which about 586 million reais corresponds to Cosan’s stake, as part of its divestment and deleveraging strategy.
The assets, which comprise roughly 12% of Radar’s total agricultural land portfolio and span about 41,214 hectares used for soybean, corn and cotton cultivation.
($1 = 5.0926 reais)
(Reporting by Isabel Teles, Editing by Louise Heavens)
((isabel.teles@thomsonreuters.com; +55 11 91033 3602))
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