SAO PAULO - Brazilian energy firm Raizen, a joint venture between Cosan SA and Royal Dutch Shell PLC, has chosen four investment banks to manage its initial public offering, expected to be one of the largest this year, raising up to 13 billion reais , four people familiar with the matter said on Monday.
Raizen, the world’s largest sugar maker, also controls a large fuel distribution network and is Brazil’s fourth largest company by revenue, behind state-controlled oil producer Petroleo Brasileiro SA, known as Petrobras, iron ore miner Vale SA and meatpacker JBS SA. Cosan, an energy group, disclosed earlier this month that its joint venture with Shell was being prepared for a listing ahead of planned flotation of two other companies it controls as it seeks to raise capital and finance growth.
Source: News Formal (newsformal.com)
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