Investor IG4 Nears Deal to Control Raízen
Veja reports that IG4 Capital is very close to a deal for control of Raízen, whose US$12.3 billion debt plan a court approved in July. The post Investor IG4 Nears Deal to Control Raízen appeared first on The Rio Times .
IG4 Capital, a Brazilian investment manager, is reportedly "very close" to securing control of Raízen, a fuel and sugar-ethanol group co-founded by Shell and Cosan. The potential deal, which could be announced within two to three weeks, has been confirmed by a Veja magazine source. Raízen, which trades on the B3 exchange in São Paulo as RAIZ4, currently has approximately $12.3 billion in debt under a court-approved restructuring plan.
The plan, approved on July 30, 2026, covers $61.4 billion (about $12.3 billion) of unsecured financial debt and requires a capital increase of $3.5 billion to $4.0 billion. Shell Brasil Petróleo has committed to subscribing to this capital increase, and Aguassanta Participações may join. The restructuring also includes the separation of Raízen's fuel distribution business from its sugar, ethanol, and energy operations.
IG4 Capital first showed interest earlier this year, with media reports suggesting a proposal to buy Raízen's debt. However, no official confirmation has been provided by Raízen, IG4 Capital, Shell, or Cosan regarding the talks or the terms of any potential deal.
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