Lula met with Raízen owners before Carnival to discuss crisis, agency says
President Luiz Inácio Lula da Silva held a meeting with Raízen's major stakeholders to address the company's financial difficulties before Carnival.
Cosan, Shell and BTG in advanced negotiations to invest in Raízen, says agency
Cosan and Shell are in advanced talks to inject new capital into their Brazilian sugar and ethanol joint venture, Raízen, with a significant investment coming from BTG Pactual.
Raízen will reverse financial crisis with capital injection from its controllers, says CEO
Raízen is set to receive a capital injection from its controlling shareholders Cosan and Shell following a significant financial loss in the last quarter of the previous year.
Raízen sees sixfold increase in net loss in Q4
Brazilian sugar and ethanol producer Raízen reported a sixfold increase in its net loss for Q4, reaching approximately R$ 15.65 billion amid a challenging macroeconomic environment.
Raízen’s debt securities fall with rumors of restructuring and credit downgrade
Raízen, a joint venture between Cosan and Shell, is facing a decline in its debt securities amidst speculation of a debt renegotiation plan and a potential credit rating downgrade.
Analysts Await Restructuring of Raízen's Debt
Analysts anticipate an announcement regarding the restructuring of Raízen's debt, a major player in the energy and fuels sector in Brazil.
FEMSA takes control of Oxxo store chain in Brazil and ends partnership with Raízen
FEMSA has announced it has taken full control of the Oxxo convenience store chain in Brazil, concluding its joint venture with Raízen.
Mexican Femsa takes control of Oxxo store chain in Brazil
Mexican group Femsa announced it has taken control of the Oxxo mini market chain in Brazil, completing the separation from its joint venture with Raízen.
Femsa takes full control of Oxxo stores in Brazil
Fomento Económico Mexicano (Femsa) has completed its partnership with Grupo Nós and Raízen, gaining total control over Oxxo stores in Brazil including a distribution center in São Paulo.