Business

Raízen negotiates purchase of Biosev, including potential $1.4bn debt payment extension

Biosev said it is negotiating the sale of its operations to Raízen Energia. Raízen has 26 plants and Biosev controls eight units. If the acquisition occurred, Raízen would have 34 plants, including a mill equivalent to 15% of South Central sugarcane production in 2019/20. A debt restructuring would be on the table that would see a possible extension of payments of $1.4 bn in debt from Biosev.

Source: Portal do Agronegocio

Categories: Business, Industry