Cosan Pays Up for Railroad Stake
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...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.