Cosan Holdco Places Shares Privately

Cosan Holdco Places Shares Privately

Funds

Cosan Limited, the offshore-based entity that has a controlling stake in the Brazilian sugar and energy company, has raised $180m through the private placement of shares. Rio-based Gavea Investimentos bought $130m of the deal, comprised of 16.5m ordinary class A shares at $7.90 apiece. Funds controlled by Rubens Ometto Mello, the main shareholder in Cosan Limited and the ultimate controlling investor of the entire company, acquired the remaining $50m, or 6.3m shares. The transaction is equivalen

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