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Cosan Pays Up for Railroad Stake

Feb 23, 2012

Cosan has struck a BRL896.5m ($525.7m) deal to acquire 5.7% of railroad operator America Latina Logistica (ALL), paying a premium to enter the controlling group of a key piece of Brazil’s agricultural transportation infrastructure. The Brazilian sugar and ethanol producer is set to purchase 38.98m shares of ALL from shareholders Riccardo and Julia Arduini and Global Investment Partners. According to Barclays Capital, the per share price represents a 104% premium over ALL's...

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