Brazilian Ethanol Producer Raizen Agrees to Sell Sugar Plant in Debt-Slashing Push
Raizen SA, the Brazilian ethanol producer and fuel distributor co-owned by Cosan SA and Shell Plc, has agreed to sell one of its sugar-cane processing plants as part of efforts to slash debt.
Ferrari Agroindustria SA and Agromen Sementes Agricolas Ltda will pay a total 425 million reais ($75 million) for the facility in Sao Paulo state, Raizen said in a filing. The deal is pending antitrust approval.
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