Raízen Files for Extrajudicial Recovery to Restructure R$ 65 Billion Debt
Raízen has filed for extrajudicial recovery to renegotiate approximately R$ 65 billion in debt. The company seeks creditor support for plan approval while maintaining normal operations. Raízen, a joint venture between Cosan and Shell since 2011, operates in energy production, including sugar and ethanol, and fuel distribution in Brazil, Argentina, and Paraguay.
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Raízen has requested extrajudicial recovery to restructure R$ 65 billion in debt, seeking creditor support for court plan approval. Despite the filing, the company confirmed that its operations continue as usual.
Established in 2011 through a joint venture between Cosan and Shell, Raízen integrates sugar and ethanol production with fuel distribution. The company operates in Brazil, Argentina, and Paraguay, managing Shell-branded fuels and convenience stores. Raízen has invested in energy transition projects, including solar power and biogas production, and employs over 46,000 staff across 1.3 million hectares of sugarcane cultivation.
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