Cosan Tries to Appease Minority Shareholders

Cosan Tries to Appease Minority Shareholders

Corporate & Sovereign Strategy

Cosan drew harsh criticism from shareholders, the CVM and the Bovespa after its seemingly impudent shareholder restructuring and NYSE IPO in August. But it is apparently throwing minority investors of its Bovespa-listed entity a bone with an offer for more influence. At a shareholder meeting scheduled for Sao Paulo December 5, Cosan's controlling shareholder Rubens Ometto Mello, who shored up his control over the company via an August US listing, will offer minority shareholders the option to vo

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