Raízen Creditors Ask Shareholders for Meaningful Money Injection
Bondholders and bank creditors from struggling sugar and ethanol producer Raízen SA sent letters to its major shareholders, Cosan SA and Shell Plc, asking for a “substantial and meaningful” capital...
By Cristiane Lucchesi, Rachel Gamarski · Bloomberg
Bondholders and bank creditors from struggling sugar and ethanol producer Raízen SA sent letters to its major shareholders, Cosan SA and Shell Plc, asking for a “substantial and meaningful” capital injection, according to people familiar with the matter.