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Emerging Markets

Raizen Extrajudicial Recovery Wins Court Approval

The Rio Times · 1h ago · 🇧🇷 Brazil

Raizen Extrajudicial Recovery Wins Court Approval

A São Paulo court has ratified the out-of-court restructuring plan of Raizen, the Brazilian energy joint venture between Cosan and Shell. The plan, involving R$61.4 billion (~US$11.4 billion), was backed by 81.6% of creditors and paves the way for a debt-to-equity swap and a capital injection. The post Raizen Extrajudicial Recovery Wins Court Approval appeared first on The Rio Times .

Read the full story at The Rio Times →

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