According to informed sources, Raizen and its controlling shareholder are in talks to sell company shares to Japan's Mitsubishi as a means of raising funds. Currently, the negotiations are in the early stages, and Mitsubishi is still assessing whether to bid for Raizen's shares. Currently, Cosán, Shell, Raizen, and Mitsubishi have all declined to comment on the transaction. So far this year, the company's stock price has fallen by 42%.
Reliable sources indicate that after BTG Pactual and Itaúsa, two major banks, are considering acquiring shares of Raizen, both Raizen and its subsidiary Cosán's stock prices reached their highest levels of the day. Raizen is a joint venture established by Brazil's Cosán Holding Group and Shell Oil Company. The joint venture's stock price closed up 4.95%, while the stock price of the controlling parent company closed up 8.00%. Financial reports show that Cosán is seeking to inject 10 billion reais into Raizen to address its growing debt.