Brazil energy group Raizen officially files for IPO

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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.

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