Brazil approves sale of 81.5% stakes in Cosan Biomassa

Date October 29, 2019
Type M&A Transactions
Subtype Transaction launched
Countries Brazil
Subsectors Biomass
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Brazil’s antitrust agency CADE (Administrative Council for Economic Defense) has approved the bid of Royal Dutch Shell Plc to acquire the 81.5% stake in Cosan Biomassa from Raizen Energia. 

Cosan Biomassa is a producer of sugarcane bagasse and straw pellets for power generation. 

Raizen Energia is a joint venture between its local arm Shell Brazil Holding BV and Brazil's Cosan. 

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