Investment

Brazil's Cosan seeks investment opportunities -CFO

Cosan Ltd, the holding company that controls Brazil's No. 1 sugar and ethanol producer, is looking for opportunities to invest in the country's energy and infrastructure sectors

Reuters
16/04/2015 19:19
Visualizações: 2385 (0) (0) (0) (0)

Cosan Ltd, the holding company that controls Brazil's No. 1 sugar and ethanol producer, is looking for opportunities to invest in the country's energy and infrastructure sectors, Chief Financial Officer Marcelo Martins said on Wednesday.

 

An economic downturn and rising borrowing costs in Brazil have forced Cosan to build up cash, which now allows it to consider more investments in those industries, Martins said at an event sponsored by Fitch Ratings.

 

His remarks come as companies in oil and gas, fuel distribution, and infrastructure services are disposing of assets to cope with a challenging economic outlook and, in some cases, to deal with fallout from a massive corruption probe at Petroleo Brasileiro SA.

 

Petrobras, as the state-run oil company is known, is considering selling part of its fuel distribution unit to raise cash as the scandal prevents it from accessing capital markets, Reuters reported last month.

 

Martins said Royal Dutch Shell Plc's offer to buy smaller rival BG Group, the first major energy industry merger in more than a decade, proved Cosan's decision to diversify into energy made sense.

 

"The focus (at Cosan) is on liquidity, which is to protect the company, but that focus can only be good if we are prepared and ready to seize good opportunities ahead," Martins said.

 

Cosan's return on invested capital has grown rapidly in recent years, signaling that the decision to expand outside sugar and ethanol was "the correct one," Martins noted.

 

The company and Shell are partners in Raizen Energia SA, one of Brazil's largest fuel distribution groups.

 

Most Read Today
see see
Fenasucro
Future Fuel consolidates Brazilian pioneering role and b...
20/05/26
Partnership
Radix partners with Repsol Sinopec Brasil and PUCRS to c...
20/05/26
Communication
The behind-the-scenes story of communication and adverti...
20/05/26
Result
Total oil production under production-sharing regime hit...
20/05/26
BOGE2026
Global geopolitics’ impact on the local oil sector to be...
19/05/26
International Women's Day
IBP celebrates International Women at Sea Day and reinfo...
19/05/26
Pre-Salt
Mero Field in the Santos Basin Pre-Salt Receives Unprece...
14/05/26
Results
Petrobras reports net profit of R$ 32.7 billion in the f...
14/05/26
Partnership
Halliburton and Shape Digital establish strategic collab...
06/05/26
ROG.e
ROG.e 2026 will bring together CEOs from TotalEnergies, ...
06/05/26
International
At OTC Houston 2026, Firjan SENAI SESI expands its reach...
06/05/26
International
At OTC Houston 2026, Firjan SENAI holds international ed...
04/05/26
Recognition
BRAVA Energia receives top global industry award for Atl...
04/05/26
International
Brazil reaffirms technological leadership at OTC Houston...
04/05/26
Pre-Salt
PPSA closes 2025 with a net profit of R$ 30.1 million
04/05/26
Results
With 5.531 million boe/d, Brazil continues with record o...
04/05/26
International
Brazil reaffirms technological leadership at OTC Houston...
02/05/26
Environment
Brazil appears among world's largest methane emitters in...
30/04/26
PPSA
Federal Government receives R$ 917.32 million from Tupi ...
07/04/26
Study
Brazil increases dependence on thermal power, but lack o...
07/04/26
Permanent Offer
Permanent Production Sharing Offer (OPP): ANP publishes ...
07/04/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.