Analysts from the energy and fuel sectors are eagerly awaiting an announcement expected in the coming days regarding a proposed restructuring of Raízen's debt. Raízen is a joint venture between Cosan and Shell, recognized as one of the world's largest producers of sugar and ethanol, as well as a leading distributor of fuels in Brazil. The company is currently facing financial difficulties, marked by a rapid increase in net debt, which has surpassed R$ 50 billion—five times more than what is sustainable for a company of its size according to analysts.

The general consensus among experts monitoring the company is that substantial shareholder capital injection is necessary for Raízen's financial health. A report released by Swiss bank UBS highlighted that the company requires a capital infusion between R$ 20 billion and R$ 25 billion to restore financial balance. However, it remains uncertain if the shareholders are willing to contribute such an amount at this time, leading to speculations about the firm's potential restructuring plan.

The situation surrounding Raízen has arisen from a combination of challenges that have left the company at a critical juncture. As one of Brazil's top energy players, the resolution of this debt issue will have significant implications not only for Raízen itself but also for investors and the broader market in Brazil’s energy sector.