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Cosan SA Industria e Comercio (CSAN3.SA)

CSAN3.SA on Sao Paulo Stock Exchange

19 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Shell divests its interest in Comgas for headline of $380 mln
Tuesday, 10 Oct 2017 

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

Cosan announces dividend payment
Monday, 16 May 2016 

Cosan SA Industria e Comercio : Announces on Friday that its board approved to pay interim dividends totalling 90.0 million Brazilian reais ($25.5 million), corresponding to 0.2218 real per ordinary share . In total will pay 290.0 million reais (90.0 million reais of interim dividends and 200.0 million reais of dividends related to FY 2015) . Says value per share to be paid is 0.7145 real . Record date is May 13 . Ex-dividend as of May 16 .Payment date to be announced.  Full Article

Brazil's Raizen sees 2016/17 cane crush at 60 mln to 64 mln T
Thursday, 12 May 2016 

The sugar and ethanol joint venture between Brazil's energy and logistic conglomerate Cosan SA and Royal-Dutch Shell PLC , Raizen, expects its cane crush to reach 60 million to 64 million tonnes in the 2016/2017 (April-March) year. : Raizen sees sugar output at between 4.2 million to 4.6 million tonne in 2016/2017 . Cosan reported net first quarter earnings at 248.7 million reais ($71.5 million) in market filing, Thursday ((reese.ewing@thomsonreuters.com;)).  Full Article

Cosan SA Industria e Comercio proposes dividend payment
Tuesday, 26 Apr 2016 

Cosan SA Industria e Comercio:Says will propose to pay remaining part of dividends, corresponding to 200.0 million Brazilian reais, within 60 days after the general meeting's approval.Says value per share is 0.4928 real.Record date is May 13.Ex-dividend as of May 16.  Full Article

Cosan SA Industria e Comercio's joint venture Raizen to sell its stake in Servicos e Tecnologia de Pagamentos SA
Tuesday, 15 Mar 2016 

Cosan SA Industria e Comercio:Says Raizen Combustiveis SA (Raizen), a joint venture of the company and Shell, has reached agreement with DBTrans Administradora de Meios de Pagamento Ltda to sell its 10-percent stake in Servicos e Tecnologia de Pagamentos SA (STP) for 408.6 million Brazilian reais.Says has signed the contract together with other shareholders of STP and the deal is worth 4.09 billion reais in total.  Full Article

Brazil cane belt may idle 9 mln tonnes of crushing capacity next year

SAO PAULO, Dec 20 Companies in Brazil's main sugarcane belt in the center-south will likely suspend operation of plants with nearly 9 million tonnes of combined crushing capacity, as cane supplies run low and mills struggle under financial difficulties.