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Announced

Raizen to acquire an 81% stake in Cosan Biomassa from Cosan.

Synopsis

Raizen, which cultivates, produces and distributes sugarcane ethanol products, agreed to acquire an 81% stake in Cosan Biomassa, biomass energy generation company, from Cosan, which invests and engages in agriculture business, fuel, and natural gas distribution, and lubricants companies. Financial terms were not disclosed.

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