Brazil’s Cosan merges with Nova America: Cosan now controls 10 percent of Brazilian sugar trade

In Brazil, Cosan announced that it would merge with Nova America and acquire four new sugar cane factories and gain control of leading sugar company Uniao in return for giving Nova shareholders 11 percent of its stock. Cosan will now control 10 percent of the Brazilian sugar trade.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Cosan expresses interest in takeover of struggling Brazilian ethanol plants

In Brazil, Cosan indicated that it may be interested in taking over struggling Brazilian sugarcane ethanol plants beset by falling ethanol prices, global economic turmoil and a depressed sugar market....

Shell acquires Brazilian aviation fuel unit from Cosan for $73.8 million

In Brazil, Shell has acquired the aviation fuel distribution unit from Cosan for $73.8 million. Cosan acquired the unit when it purchased the retail distribution unit of ExxonMobil for $1 billion. She...

Cosan reports profits (Brazilian accounting), loss (US accounting); debt soars, stock rises, go figure

In Brazil, Cosan reported a $64.6 million loss for its third quarter, up from a $59.7 million loss in the comparable period last year. However, under Brazilian accounting rules, the company swung to a...

Brazil’s Cosan expands growthj strategy to include stock-based acquisitions; seeking “major ethanol entity”

In Brazil, Cosan announced that it is considering acquisition of companies and the establishment of partnerships, expanding its previous expansion strategy that focused on sugar mill acquisition. The ...

Brazil’s sugar co-op giant, Copersucar, converts to company; Brazil’s largest producer now aims for 200 percent growth

In Brazil, the nation's largest sugar and ethanol cooperative, Copersucar, announced that it had converted from co-op to a company and would increase production by 200 percent over the next ten years....

Brazil’s Cosan to acquire Usina Benacohol for $61 million plus assumption of $20 million debt

In Brazil, Cosan announced that it will acquire the Usina Benalcohol ethanol plant for $61 million, plus assumption of $20 million in company debt. Benalcohol has a 1.3 million tonnes of cane a year,...