Mercuria Sets $1.4 Billion Deal for Raizen Argentina Fuel Assets


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. 



Source link

  • Related Posts

    Budget watchdog forecasts deeper deficits than Ottawa projected in spring update

    Parliamentary Budget Officer Annette Ryan adjusts the microphone as she waits to appears before the Standing Committee on Finance in Ottawa on Monday, March 23, 2026. THE CANADIAN PRESS/Adrian Wyld…

    Mom found moving worms and parasites in daughter’s SpaghettiOs, lawsuit says

    A mother in Florida is suing Campbell Soup Company and Walmart after saying she found moving parasites in a can of SpaghettiOs that she shared with her daughter. Subscribe to…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Iran War Live Updates: Israel Trades Strikes With Hezbollah, Leaving New Cease-Fire With Lebanon in Doubt

    Iran War Live Updates: Israel Trades Strikes With Hezbollah, Leaving New Cease-Fire With Lebanon in Doubt

    ‘I’m scared to go to bed at night’: Halifax residents raise concerns about rampant pest problems

    ‘I’m scared to go to bed at night’: Halifax residents raise concerns about rampant pest problems

    Hands-on report — Ace Combat 8: Wings of Theve – PlayStation.Blog

    Hands-on report — Ace Combat 8: Wings of Theve – PlayStation.Blog

    Workers call on MPs to support NDP bill to crack down on fake unions « Canada’s NDP

    Workers call on MPs to support NDP bill to crack down on fake unions « Canada’s NDP

    Budget watchdog forecasts deeper deficits than Ottawa projected in spring update

    Budget watchdog forecasts deeper deficits than Ottawa projected in spring update

    Amazon expands ultra-fast deliveries in UK and adds same-day fruit and veg | Amazon

    Amazon expands ultra-fast deliveries in UK and adds same-day fruit and veg | Amazon