Cosan has revamped its board and sold off Vale shares, finally addressing its leverage issues. Check out why I reiterate my ...
Cosan faces significant challenges due to high leverage, rising interest rates, and currency devaluation, leading to a 65% ADR drop over 12 months. Learn more on CSAN stock here.
SAO PAULO (Reuters) - Brazilian conglomerate Cosan has unloaded some 173 million shares it owned in mining giant Vale, which accounted for a stake of roughly 4.05%, it said in a securities filing ...
Billionaire Rubens Ometto’s conglomerate Cosan SA is giving up its stake in mining giant Vale SA, ending its bet on a mining investment in order to pay down debt. Cosan sold 173 million shares ...
Cosan Chairman Rubens Ometto, who in October said the company was not looking to offload its Vale stake in the short term, emphasized that the move was related to Brazil's high interest rates.
Brazil's Cosan, the world's largest ethanol and sugar processor, said announced Monday it signed an agreement to merge its ethanol and fuels distribution business in the country with Royal Dutch ...
Brazilian company Cosan SA, controlled by billionaire Rubens Ometto, is considering selling a stake in one of the largest mining companies Vale SA for $2.2 billion. This is reported in the Cosan press ...
Cosan SA, a Brazilian bioethanol company, is selling a stake in Brazil's largest mining company Vale SA in order to repay debt obligations. This is reported in a press release from Cosan. As part of ...
Cosan sold 173 million shares in a deal worth ... The company is contending with high interest rates in Brazil that will keep rising, and lower profits from its sugar and ethanol business.