Raizen, a biofuels joint venture of Shell Plc and Cosan SA, has garnered informal support from a majority of its creditors for a final restructuring plan under an out-of-court debt rework, people familiar with the matter said on Wednesday. Asset sales, including the Argentine unit, is part of the plan, the company said. Raizen has a 65 billion-real ($12.9 billion) debt load, a consequence of some failed bets in ethanol and aviation fuel, plus high interest rates and weaker-than-expected harvests.







