Cosan-Shell JV Raizen plans to file for IPO in the next few days

imageStock Markets5 minutes ago (Jun 01, 2021 07:45AM ET)

(C) Reuters. FILE PHOTO: People walk as a bus passes a Shell gas station in Buenos Aires, Argentina, March 12, 2018. Picture taken March 12, 2018. REUTERS/Marcos Brindicci/File Photo

SAO PAULO (Reuters) – Brazilian energy firm Cosan (NYSE:CZZ) SA said in a securities filing on Tuesday that Raizen Combustiveis, its joint venture with Royal Dutch Shell (LON:RDSa) PLC, is expected to file for an initial public offering in the next few days.

Raizen will join Brazilian stock exchange B3’s segment 2 of governance, Cosan said. Reuters reported in March the company had selected banks for an IPO that may raise up to $2.25 billion.

Cosan-Shell JV Raizen plans to file for IPO in the next few days

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