October 3, 2017 |
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
Brazilian energy company makes binding offer for the Dutch firm's fuel distribution arm