In recent weeks we’ve seen transformation after transformation in Brazil. Certainly, though the biggest news is yet to come, because we do not know yet who will own the BP Bunge ethanol assets, which are up for sale. We reported last week that “UAE state investor Mubadala Investment Co and Raizen are the final bidders […]
In Indiana, INDYCAR announced that beginning in 2023, Shell will produce a new race biofuel for the NTT INDYCAR SERIES which consists of a blend of second-generation ethanol derived from sugarcane waste and other biofuels to create a fuel that is 100% comprised of feedstocks categorized as “renewable” under the applicable regulatory frameworks. The fuel […]
Almost a year ago, The Digest reported that Raízen was rising with about $1.15 billion raised in the biggest Brazil IPO of the year. And this year is no exception to the continued Rising of Raízen with the just announced BRL$2 billion (about USD$395 million) investment package to build two new cellulosic, second-generation ethanol plants […]
Shares have started trading in Raízen’s IPO – which also happens to be the largest Brazilian IPO of 2021. They raised $1.15 billion and even though shares are priced at the bottom of the suggested range, this is big news for this Shell, Cosan joint venture company. In today’s Digest, Raízen’s business and background, the […]
In Brazil, Bloomberg reports the Raizen IPO was likely priced at more than $1.1 billion on Tuesday with more than 810 million shares sold near the lower end of the expected valuation at just $1.42 per share. Concern about the company’s massive expansion plans following the acquisition of Biosev earlier this year and its hopes […]
In Brazil, Reuters reports that a securities filing shows Shell and Cosan plan to raise $1.34 billion through Raizen’s IPO with a final price set for Aug. 3 for 810,811,000 shares, although it could increase by up to 35%. With shares expected between $1.44 and $1.87 which would result in a company valuation of between […]
In Brazil, Bloomberg reports sources say Shell and Cosan are aiming for a $13.5 billion valuation of Raizen when the IPO is launched, with 10% of the company up for grabs for about $1.18 billion—although earlier reporting had the expected raise at closer to $2 billion. Pricing is expected to start in the next few […]
In Brazil, Reuters reports that Cosan and Shell have appointed Banco BTG Pactual SA, Bank of America, Citi and Credit Suisse AG to support the IPO of Raizen as soon as June or July on the B3 exchange that could raise up to $2.25 billion. Such an IPO would bring the company’s evaluation to around […]
In Brazil, Reuters reports Cosan and Shell’s joint venture Raizen has bought Louis Dreyfus’s Biosev for a cash payment of $670.3 million in addition to nearly 5% of Raizen’s shares, mixed between preferential and redeemable shares. Biosev’s debt will remain with current shareholders, however. The transaction will make Raizen one of the largest sugar and […]
Early ballots are in, Praj, LanzaTech leading in “Best Places to Work in the Bioeconomy” voting In Florida, The Digest has released the results in the “Best Places to Work in the Bioeconomy 2020” voting through March 2nd, as we reach the last 2 weeks of voting. “It’s still quite early and there will be […]
