The Raízen Power Struggle: Creditors Want the Money, the Equity, and the Chairman

Key Points — Raízen creditors have presented a new restructuring proposal demanding a capital injection of approximately R$8 billion (US$1.6 billion) — more than double the R$4 billion Shell and Cosan previously committed — The bondholders are also demanding the removal of Cosan founder Rubens Ometto as Raízen’s chairman, seeking a governance overhaul as the […] The post The Raízen Power Struggle: Creditors Want the Money, the Equity, and the Chairman appeared first on The Rio Times .

Go to News Site