Operator: Good afternoon, everyone. Thank you for waiting, and welcome to Cosan s Earnings Conference Call for the Third Quarter 2023. Simultaneous translation will be available during the session.
Cosan (CZZ) Q1 2021 Earnings Call Transcript msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
2 Min Read
FILE PHOTO: The company logo for Cosan is displayed on a screen on the floor of Brazil s B3 Stock Exchange in Sao Paulo, Brazil, July 25, 2019. Picture taken July 25, 2019. REUTERS/Amanda Perobelli
RIO DE JANEIRO (Reuters) - Brazilian sugar and ethanol producer Cosan SA will issue roughly 638 million reais ($113 million) of new share capital to fully incorporate shareholders of subsidiary Cosan Logistica SA, the company said on Tuesday.
In December, Cosan said it planned to undergo a reorganization and list American Depository Shares, or ADSs, for the first time.
Under the restructuring, Cosan Limited, or CZZ, thecompany’s financial arm, as well as logistics branch CosanLogistica, itself a CZZ subsidiary, are to be fullyincorporated into Cosan.
RIO DE JANEIRO (Reuters) - Brazilian sugar and ethanol producer Cosan SA will issue roughly 638 million reais ($113 million) of new share capital to f.
By Reuters Staff
2 Min Read
SAO PAULO, Dec 17 (Reuters) - Brazilian sugar and ethanol company Cosan SA plans to undergo a reorganization and list American Depository Shares, or ADSs, for the first time, in a move the firm believes will increase share liquidity, the company said on Thursday.
Under the planned reorganization, Cosan Limited, or CZZ, the company’s financial arm, as well as logistics branch Cosan Logistica SA, itself a CZZ subsidiary, will be fully incorporated into Cosan.
Cosan Logistica, via its own subsidiary Rumo SA, is active in the railway sector, especially the transportation of grains.
By concentrating the free float of the various inter-related companies into one stock, and listing that stock in New York via ADSs, the company expects Cosan shares to be more heavily traded, it said in a statement.