Brazil Fuel Giant Strikes US$4.2B Tax Deal
5 Articles
5 Articles
Raízen (RAIZ4) and other companies in its economic group closed a tax transaction with the Attorney General of the National Farm (PGFN) and the Brazilian Federal Revenue (RFB), involving debts of R$ 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
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)
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