[ad_1]
SAO PAULO, June 3 (Reuters) – Brazilian energy company Raizen has officially registered for an initial public offering with Brazilian securities regulator CVM, it said in a Thursday filing, after days of hinting that such a move was imminent.
Earlier in the week, Raizen, a joint venture between Royal Dutch Shell Plc (RDSa.L) and local energy group Cosan SA (CSAN3.SA), said it planned to formally file for a public offering in “the next days.” read more
The company, the fourth largest in Brazil by revenue, is the largest sugar producer in the world and it operates a major gas station chain in Brazil and Argentina.
Its IPO is expected to raise up to 13 billion reais ($2.56 billion). read more
($1 = 5.08 reais)
Reporting by Gram Slattery and Paula Laier; Editing by Steve Orlofsky
Our Standards: The Thomson Reuters Trust Principles.
[ad_2]
Source link