Raízen Energia approves corporate reorganization to consolidate bioenergy operations

Raízen Energia approved, in an Extraordinary General Meeting held this Saturday, November 1, a broad corporate reorganization that integrates the simplification and consolidation process of its operations in the bioenergy sector. The decisions, taken unanimously by the shareholders, include the incorporation of subsidiaries and the partial spin-off of companies in the group, without any change in the share capital. The first stage of the plan involves the partial spin-off of Bioenergia Barra, whose equity share will be incorporated by Raízen Energia. Next, the company will incorporate four biomass energy generation companies: CoGen Jataí, CoGen Costa Pinto, CoGen Univalem, and CoGen Santa Cândida II, which together amount to more than R$ 1.1 billion in net assets. In the third phase, Raízen Centro-Sul S.A. (BSV1) will transfer its operational and financial assets and liabilities to Raízen Energia, in a partial spin-off. According to the minutes of the extraordinary general meeting ...