Raizen SA
Coverage of Raizen SA in the Nexus archive.
- Raizen Keeps Burning Cash, Sets Steeper Charge Amid Restructure
Raizen SA is selling a refinery and hundreds of gas stations in Argentina to Mercuria Energy Group amid financial difficulties and restructuring. The company is burning cash and has set a steeper charge as part of its restructure.
- IG4 Says It Can Buy All Raizen Debt in Cash to Gain Control
IG4 has announced its intention to purchase all of Raizen's debt in cash to gain control of the company. A Raizen ethanol processing facility is located in Piracicaba, Sao Paulo state.
- IG4 Offers to Buy Raizen Debt in Quest for Majority Stake
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.
- Raizen Inks $13 Billion Out-of-Court Debt Deal With Creditors
Raizen SA has reached a $13 billion out-of-court debt agreement with creditors. The company's distribution center in Sao Paulo, Brazil, is mentioned in the article.
- Raizen’s Creditors Said to Ask for 90% Equity Stake in Debt Swap
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.