MARKETS
Raízen asks shareholders to hand the company to its creditors
Photo: Raízen
Raízen shareholders meet on Oct. 30 to decide whether to dismiss the company’s entire board of directors, cut its share capital by up to BRL 35 billion (USD 6.53 billion), and clear the way for a capital increase worth between BRL 3.5 billion and almost BRL 40 billion. A special meeting of preferred shareholders takes place the same day.
The joint venture between Shell and Brazilian conglomerate Cosan…
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