Cosan has four capitalization proposals on the table. But wants to resolve Raízen first

Suzano, Mitsubishi, BTG Pactual and Perfin are negotiating capitalization in Cosan, which could reach R$ 10 billion. But, as NeoFeed has learned, the priority now is Raízen, which has offers from Mitsubishi and Mitsui. Between June 18 and August 21, Cosan’s shares suffered a nearly 40% devaluation. On the next trading day, it started a recovery, with a valuation of over 30%. The speculation behind this movement is the market’s speculation about a possible capitalization of the group with businesses in sugar, alcohol, energy, lubricants, and logistics, which has a net debt of R$ 17.5 billion and leverage of 3.4 times. NeoFeed has found out that Cosan has four proposals on the table for capitalization. Suzano, Mitsubishi, BTG, and Perfin are the four main ones that have presented themselves to the company. The information was first reported by Pipeline, from Valor Econômico.