Raízen Group, Part of Shell, Will Conduct One of the Largest IPOs in the History of the Brazilian Market

Written by Flavia Marinho

Published on 31/03/2021 at 13:44

Fonte: Reprodução – Via Google

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Raízen, The Largest Ethanol Producer In Brazil, Can Raise R$13 Billion In An IPO And Execute One Of The Largest IPOs In Brazilian History

Raízen, the world’s leading sugarcane ethanol manufacturer and the 4th largest company in Brazil, has begun to hire a syndicate of investment banks for its initial public offering (IPO) on B3, the São Paulo stock exchange. Raízen Plans To Build Three Ethanol Production Plants Using Bagasse And Sugarcane Straw

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According to sources close to the operation, the IPO, one of the most anticipated by investors due to the size of the company, is expected to take place in June or July, depending on market conditions.

Currently, four banks have been hired: BTG Pactual as the lead coordinator, Citi, Credit Suisse, and Bank of America, a source said. This group will likely grow, and more banks will be hired in the coming days.

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Raízen, Joint Venture Formed Between Cosan And Shell, Aims For A Market Value Of R$ 90 Billion

With the expectation of Raízen’s IPO, shares of Cosan, which is already listed, closed yesterday’s session up 3.04%, with investors hoping that the operation will help demonstrate the company’s value to the market.

Banks estimate a market value for Raízen, the joint venture formed between Cosan and Shell, in the area of R$ 90 billion, already placing the company among the most valuable on B3. The IPO is part of Cosan’s plans to list its subsidiaries as part of its corporate restructuring process, aimed at unlocking company value.

In July of last year, the Cosan group announced the reorganization aimed at simplifying its corporate structure, a long-standing demand from investors who felt that the relationship between the various companies was confusing.

In 2020, the group attempted to list Compass, its subsidiary in the natural gas segment, which focuses its participation in Comgás. However, they had to backtrack due to finding more selective investors asking for discounts compared to the price desired by the company.

Raízen Has A Revenue Around R$ 120 Billion That Is Equally Divided Between Cosan And Shell

Raízen, which has a revenue around R$ 120 billion, has its control equally divided between Cosan and Shell. The company is currently positioned as the fourth largest company in revenue in the country, behind only giants Petrobras, Vale, and JBS.

Raízen, the world’s leading sugarcane ethanol manufacturer, operates in sugar production, ethanol, and fuel distribution through its 7,300 Shell-branded gas stations.

Raízen Group, Part of Shell, Will Conduct One of the Largest IPOs in the History of the Brazilian Market

Raízen, The Largest Ethanol Producer In Brazil, Can Raise R$13 Billion In An IPO And Execute One Of The Largest IPOs In Brazilian History

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Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Raízen, Joint Venture Formed Between Cosan And Shell, Aims For A Market Value Of R$ 90 Billion

Raízen Has A Revenue Around R$ 120 Billion That Is Equally Divided Between Cosan And Shell

Diagnostic test

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Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

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Raízen Group, Part of Shell, Will Conduct One of the Largest IPOs in the History of the Brazilian Market

Raízen, The Largest Ethanol Producer In Brazil, Can Raise R$13 Billion In An IPO And Execute One Of The Largest IPOs In Brazilian History

Read Also

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Raízen, Joint Venture Formed Between Cosan And Shell, Aims For A Market Value Of R$ 90 Billion

Raízen Has A Revenue Around R$ 120 Billion That Is Equally Divided Between Cosan And Shell

Diagnostic test

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state wants to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Billions of barrels on the equatorial margin could lead Amapá to double its oil production in Brazil — the state aims to enter the route of companies in the Campos Basin, attract investments, and boost jobs and businesses in the oil and gas sector.

Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

Government unlocks R$ 554 million for a highway that has been requested for decades and accelerates the duplication of BR.

Tire road? Thousands of shredded tires were secretly placed under a ramp in California, preventing a one-year delay in a project on weak soil and supporting a 26-foot-high structure in a corridor connected to I-880.

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In just three hours, a natural stone floor transforms the entrance of the house with an organic effect, immediate drainage, and a sophisticated non-slip finish that doesn’t puddle water, dries quickly, and impresses with the final result.

Future profession with immediate earnings: Specialist reveals how a solar energy technician earns R$ 8,000 per month by taking advantage of the explosion in demand across the entire country.

The Perseverance rover’s radar reveals a river buried 35 meters beneath Mars, pushing the presence of liquid water back to 4.2 billion years and increasing the chances of signs of life on the planet.

Explorers find Roman treasure trapped between rocks on the seabed for nearly 1,600 years and reveal a desperate attempt to hide 53 gold coins during the invasions of the Empire.

While Russia dominates the global wheat market, Brazil emerges as an unexpected competitor in the Cerrado, offering grain available in July and August when stocks in the Northern Hemisphere are at their lowest point of the year.