Cosan SA Industria e Comercio (CSAN3.SA)
18 Feb 2019
R$ -0.70 (-1.63%)
Latest Key Developments (Source: Significant Developments)
Oct 10 (Reuters) - Shell -:Shell divests its interest in Comgas for a headline of $380 million.Shell Gas Bv, Shell Brazil Holding Bv and Integral Investments Bv signed an agreement with Cosan Ltd.Agreement with Cosan to execute put option agreement which allows Shell to sell all of its 16.8% interest in Comgas to Cosan.Shell will exchange its 21.8 million common shares in Comgas for Cosan S.A. shares plus cash.Headline for the transaction with Cosan is approximately US$380 million. Full Article
SAO PAULO, Jan 16 Logum, the company operating Brazil's sole ethanol pipeline, is looking to expand the system into central Brazil to reach more plants and possibly the nascent corn-based ethanol industry, which is expected to grow.