Brazil: 'Raizen' agrees to sell sugar factory to reduce debt - ChiniMandi

Sao Paulo: Raizen SA, a Brazilian ethanol producer and fuel distributor co-owned by Cosan SA and Shell PLC, has agreed to sell one of its sugar mills as part of its debt reduction efforts. Raizen said in a filing that Ferrari Agroindustria SA and Agromen Cementos Agricolas Ltda. will pay a total of 425 million reais ($75 million) for the mill, located in Sao Paulo state. The deal is pending antitrust approval. This will help reduce Raizen's debt…