Raízen’s Owners Abandon Talks to Rescue Struggling Fuel Producer

Raízen’s Owners Abandon Talks to Rescue Struggling Fuel Producer

Talks to rescue Raízen SA fell apart after co-owners Cosan SA and Shell Plc failed to agree to a plan to raise capital, according to people familiar with the matter, leaving the Brazilian sugar and ethanol producer with dwindling options to emerge from a debt crisis.

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