Raizen Creditors Seek Majority Control in Debt-for-Equity Swap

Creditors of energy giant Raizen SA are reportedly pushing for a 90% equity stake to resolve outstanding debts. The move follows a period of financial strain driven by high interest rates and operational setbacks.

• Creditors seeking 90% equity stake to resolve debt
• Financial distress linked to high borrowing costs
• Operational impact from poor agricultural harvests
• Failure of ambitious investments to yield returns
• Potential dilution of Shell and Cosan SA holdings