•  
  •  
  •  

Shell gets antitrust clearance for Cosan Biomassa deal

Sugarcane field. Author: Jenny Mealing. License: Creative Commons, Attribution 2.0 Generic

October 29 (Renewables Now) - Brazilian antitrust regulalor Cade gave the green light to the acquisition of a 81.5% stake in Cosan Biomassa by Anglo-Dutch oil and gas major Royal Dutch Shell Plc (AMS:RDSA).

The approval was made without restrictions and published on today's Official Gazette.

Cosan Biomassa is a Brazilian producer of sugarcane pellets for power generation.

Shell made the purchase through Raizen Energia, a joint venture between its local arm Shell Brazil Holding BV and Brazil's Cosan SA (BVMF:CSAN3), Cosan Biomassa's parent firm.

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Lucas Morais

Lucas is based in Brazil. He joined Renewables Now to expand coverage of the Ibero-American market, a highly attractive destination for green energy investment.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription