Raízen, Creditors Agree to Restructure Debt Out of Court
Raízen SA, the struggling Brazilian sugar and ethanol producer co-owned by Shell Plc and Cosan SA, agreed to start an out-of-court debt restructuring worth around 70 billion reais ($13.6 billion),...
By Crayton Harrison · Bloomberg
Raízen SA, the struggling Brazilian sugar and ethanol producer co-owned by Shell Plc and Cosan SA, agreed to start an out-of-court debt restructuring worth around 70 billion reais ($13.6 billion), outlet Globo reported.