News International Sugar Journal

Cosan – Sugar retail not part of joint venture [Registered]

Cosan, Brazil’s largest sugar and ethanol producer, has said its sugar retail unit will remain out of its Raizen’s joint venture with Royal Dutch Shell. In a securities filling, Cosan said a clause was added to the joint venture agreement stating that the business unit, which owns leading brands such as Uniao and Da Barra in the Brazilian market, would be kept with the company. Cosan will put all of its 24 sugar and ethanol mills and its energy generation operations into the venture as well as the fuel distribution assets it bought from Exxon Mobil Corporation in 2008. The…

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