With the contract’s expiration, Raízen and Shell expanded the scope of their relationship, which resulted in the purchase of the lubricants business by Raízen.
The transaction includes the lubricant blending plant located on Ilha do Governador and the Duque de Caxias base, both in Rio de Janeiro, as well as the distribution chain and its respective contracts.
The acquisition will be subject to approval by the Administrative Council for Economic Defense (CADE), Brazil’s competition agency and is subject to compliance with other conditions precedent.
Raízen has taken its first steps toward a listing on the stock exchange. On Thursday, June 3, the company announced that it has filed a registration request for an initial public offering (IPO).
Live Company IntelligenceRaízen S.A. — the full investor dossierInside: live share price, market cap, three-year financials, valuation, ESG and peer benchmarks — plus the latest Rio Times coverage.
No regular dividend — earnings reinvested for growth.
What Raízen does. Raízen S.A. operates as an integrated energy company in Brazil, Argentina, rest of Latin America, North America, Asia, Europe, and internationally. The company trades in and markets fossil fuels and franchises network of service stations under the Shell brand name. It also engages in the production, origination, marketing, and trading of ethanol…
