US EditionRaízen Jumps Most Ever on Report Petrobras Eyeing Investment
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6 Articles
Raízen Jumps Most Ever on Report Petrobras Eyeing Investment
Shares of Raízen SA soared on Monday, posting their biggest intra-day gain on record, after the newspaper O Globo reported that state-controlled oil producer Petrobras is considering investing in the sugar and ethanol producer.
Petrobras wants to re-enter the sector and analyze doing so with an association or a purchase.After reporting losses, Rooten admitted that he is looking for the entry of a partner.In the country, he has for sale the refinery in Dock Sud and 700 filling stations of Shell.
The Brazilian group Cosan analyzes the entry of a new partner in Rooten, the refiner and marketer of fuels that shares in equal parts with Shell. This was anticipated at the end of last week by Marcelo Martins, CEO of the holding company, in dialogue with investors.On Saturday, the newspaper O'Globo published that this potential investor would be the state Petrobras. If this were to be realized, it would have two effects on Argentina. The first …
Among the reasons are the cost of production in decline with the expansion of crops and the strong growth recorded in the segment
Petrobras reviews (Petr4) hang for corn ethanol, which would exclude Raízen (Raiz4), say Fontes - Global Happenings
(Image: ISTock.com) Petrobras preliminary evaluations (PETR4) to resume investments in ethanol, although they do not exclude biofuel made from sugarcane, are more prone to the corn route as a raw material, three sources of the company said. Continues after advertising Continues after advertising The factors listed for the eventual favoritism of corn ethanol are the cost of falling production with the expansion of crops and the strong growt…
Sao Paulo: Brazilian state-owned oil firm Petrobras is considering investing in sugar and ethanol producer Raizen, opening a new path to re-enter the ethanol market, local newspaper O Globo reported, citing sources.Petrobras had earlier said it was considering a return to the ethanol sector after announcing it would stop producing the biofuel in its 2017-2021 strategic plan, while Raizen faces financial constraints and is looking for a new partn…
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