Cosan
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Cosan is a public-listed company, a
History
Cosan began in 1936 in
Cosan acquired a 4.9 per cent stake in mining company
Purchases and mergers
On April 24, 2008, Cosan announced the purchase of the portfolio of downstream fuel distribution plants from Esso in Brazil.
On March 13, 2009, the Group confirmed the incorporation of NovAmérica Agroenergia through a stock exchange operation between the Cosan and
On 3 May 2012, Cosan signed a memorandum of understanding acquiring the BG Group's 60.1% stake in Comgás.[9] The deal was completed in November 2012.[10]
In 2021, Compass Gás e Energia, a company of the Cosan group, announced the purchase of Gaspetro (currently Commit Gás)[11] from Petrobras.[12] The purchase was completed in July 2022 for R$2.097 billion.[13][14]
In the same year, Compass won the auction for the privatization of the Gas Company of the State of Rio Grande do Sul (Sulgás).[15] The purchase was completed in January 2022 for a minimum amount of R$927.7 million.[16]
Joint-Venture with Royal Dutch Shell
On February 1, 2010, Cosan and
In June 2021, Raízen officially registered for an IPO with Brazilian securities regulator CVM.[18] In August, the company raised US$1.3 billion, making it Latin America’s biggest IPO.[19]
Raízen is offering green bonds in 2024. This offering is a first for a Brazilian company. Raízen will offer 10-year or 30-year bonds or both, with a portion of the proceeds used to buy back the bonds (up to $725 million, maturing in 2027).[20]
References
- ^ a b "Consolidated Financial Statement 2019". Cosan S.A. 2019-12-31. Retrieved 2021-01-14.
- ^ "Grupo Cosan". Cosan (in Brazilian Portuguese). Retrieved 2023-03-08.
- ISBN 978-85-225-1110-5.
- ^ "O Estado de S. Paulo - Acervo Estadão". Acervo. Retrieved 2023-03-08.
- ^ "Brazil's Cosan acquires 4.9% of miner Vale, plans to buy more". Reuters. Archived from the original on 2023-06-27. Retrieved 2024-03-25.
- ^ "Cosan vai desembolsar R$ 22 bi para comprar 6,5% da Vale". Exame Invest (in Portuguese). Archived from the original on 2023-02-17. Retrieved 2024-03-25.
- ^ "Brazil - Brazzil Mag - Brazilian Ethanol Giant Cosan Buys ExxonMobil Brazil". Archived from the original on 2009-08-26. Retrieved 2009-06-28.
- ^ "Brazil's Cosan takes over NovAmerica, boosting lead in ethanol". Chemical Business Newsbase. 13 March 2009.
- NHST Media Group. Retrieved 2012-05-03.
- ^ "BG Group Closes Sale Of Comgás Stake - Quick Facts". RTT News. 2012-11-06. Archived from the original on 2012-11-08. Retrieved 2012-12-03.
- ^ Nascimento, Houldine (2022-07-12). "Gaspetro agora vai se chamar Commit Gás S.A." Poder360 (in Brazilian Portuguese). Retrieved 2023-03-08.
- ^ "Cosan compra distribuidoras de gás da Petrobras por R$ 2 bilhões". Folha de S.Paulo (in Brazilian Portuguese). 2021-07-28. Retrieved 2023-03-08.
- ^ "Petrobras conclui venda da Gaspetro para Compass". Agência Brasil (in Brazilian Portuguese). 2022-07-11. Retrieved 2023-03-08.
- ^ CNPI, Jader Lazarini, analista (2022-06-23). "Compass (PASS3) assume Gaspetro e reforça tese do IPO que falhou". TradeMap (in Brazilian Portuguese). Retrieved 2023-03-08.
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: CS1 maint: multiple names: authors list (link) - ^ "Governo do RS privatiza Sulgás em leilão de quase R$ 928 milhões". G1 (in Brazilian Portuguese). 22 October 2021. Retrieved 2023-03-08.
- ^ "Controlada da Cosan, Compass conclui compra de 51% da Sulgás". Valor Econômico (in Brazilian Portuguese). 3 January 2022. Retrieved 2023-03-08.
- ^ "Shell bets on ethanol in $21 billion deal with Brazil's Cosan". Reuters. 1 February 2010.
- ^ "Brazil energy group Raizen officially files for IPO". Reuters. 3 June 2021. Retrieved April 26, 2023.
- ^ Vinicius Andrade; Felipe Marques; Fabiana Batista. "Shell-Cosan Venture Snatches $14 Billion Valuation in Brazil IPO". Bloomberg. Retrieved April 26, 2023.
- ^ "Raízen prepares green bond issue abroad". Valor. Archived from the original on 2024-03-25. Retrieved 2024-03-25.