Raizen eyes Shell's Argentine unit

Raizen eyes Shell's Argentine unit

Argentina Brazil M&A

Raizen Combustiveis said it has made a binding offer for Royal Dutch Shell's fuel distribution unit in Argentina.  The Brazilian energy company said in a statement that it could not disclose terms of the offer because other firms are also circling the assets.  S&P Global Ratings said in a report that the binding offer would not immediately effect Raizen's BBB- rating. If the company is successful in obtaining the assets, S&P said it would reassess Raizen's credit metrics and liquidity pr

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