Cosan SA

Cosan confirmed it is evaluating alternatives for its stake in railway Rumo, including a partial sale, and has hired BTG Pactual to manage the process. The company holds approximately 20% of Rumo, Brazil's largest railway.

SLC Agricola, a major Brazilian farmer, agreed to purchase 41,200 hectares of Mato Grosso farmland from Radar, a venture linked to Cosan and Nuveen, for $358 million. The deal resolved a land acquisition competition, with JP Morgan expressing concern.

Cosan sold 1.85 billion reais (approximately $345 million) worth of Brazilian farmland to reduce its significant debt. The sale is part of efforts to address financial challenges at Rubens Ometto's group.

IG4 has offered to buy Raizen's debt in an attempt to secure a majority stake. Raizen, supported by Cosan SA and Shell Plc, is facing challenges from high interest rates, weaker-than-expected harvests, and investments that have not yet generated significant returns.

Raízen SA, supported by Cosan SA and Shell Plc, faces financial strain due to high interest rates, poor harvests, and underperforming investments. The company has increased cash offers to creditors but resisted demands for board changes.

Raizen SA's creditors are reportedly seeking a 90% equity stake in a debt swap due to financial strain from high interest rates, poor harvests, and underperforming investments. The company, backed by Cosan SA and Shell Plc, operates a major distribution center in Sao Paulo, Brazil.