BUSINESSTHE RIO TIMES
Raízen R$61.4 Billion Restructuring Homologated as Shell Set to Take Control
A São Paulo court approved Raízen's R$61.4 billion extrajudicial restructuring on July 30, converting 45% of debt into new shares that will dilute Shell and Cosan's controlling stake.
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Adjacent reporting
- Raizen Extrajudicial Recovery Wins Court Approval
- Raízen’s Loss Balloons to $1.45 Billion as Brazil’s Biggest Debt Deal Nears
- Raizen’s Creditors Said to Ask for 90% Equity Stake in Debt Swap
- Raizen Seals Brazils Biggest-Ever Out-of-Court Debt Deal
- Raízen Bondholders Seek $1.6 Billion Injection, Chairman Change