In Brazil, Reuters has confirmed that UAE state investor Mubadala Investment Co and Raizen are the final bidders in the sale of BP Bunge Bioenergia, with no bidders in the second round and the other potential buyers rejected earlier in the process. Parallel negotiations are ongoing with both parties as the difference between the two […]
In Brazil, Raízen and ASR Group announced a partnership that sets the standard for sustainable raw cane sugar supply chains globally. The unprecedented multi-year agreement between the partners creates the world’s first fully physically traceable and 100 percent non-genetically modified (non-GM) certified supply chain. The partnership stretches from Raízen’s sustainably certified sugarcane farms and bioenergy […]
In the UK, Embraer and Raízen signed a Letter of Intent with a commitment to stimulate the development of the sustainable aviation fuel (SAF) production ecosystem, reinforcing the sustainability agenda of both companies. Among all intentions, Embraer will become the first aircraft manufacturer to use (SAF) that may be distributed by Raízen, a global leader […]
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 Raizen plans to invest in a new 82-million-liter cellulosic ethanol plant, double the size of its first 2G facility, although the amount of the investment was not released in the securities filing that mentioned the new project. Already 91% of the production from its first plant has been sold to an […]
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 […]
