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Brazil Fuel Giant Strikes US$4.2B Tax Deal

Summary by The Rio Times
Raízen, Brazil’s ethanol and fuel giant, settled a US$4.2 billion tax debt, with US$1.6 billion in fines waived, a step in its debt rescue.

5 Articles

Raízen (RAIZ4) and other companies in its economic group closed a tax transaction with the Attorney General of the National Farm (PGFN) and the Brazilian Federal Revenue (RFB), involving debts of R$ 22.4 billion. The agreement was announced on Wednesday (28), in fact relevant. Of the total, R$ 16.7 billion correspond to debts of economic responsibility [...]

Of the total agreed value, R$ 16.7 billion are the responsibility of the company and R$ 5.7 billion are linked to the controlling shareholders: Cosan and Shell

Company will have a discount of R$ 8.5 billion in fines and interest on own debts and will pay R$ 2.5 billion in sight to remove part of the debts

·São Paulo, Brazil
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Raizen announced on Wednesday (28) a tax agreement with the PGFN (Procuradoria-Général da Fazenda Nacional) and with the Brazilian Federal Revenue in the amount of R$ 22.4 billion, according to the relevant fact disclosed on this Wednesday (28). Read more (10/28/2026)

·São Paulo, Brazil
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Folha de S.Paulo broke the news in São Paulo, Brazil on Wednesday, October 28, 2026.
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