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: 1995 (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
OTC Brasil 2025
O&G exploration is key to social development and a just ...
28/10/25
OTC Brasil 2025
Experts warn regulatory instability threatens US$100 bil...
28/10/25
International Company News
Sercel Awarded Major Contract by ONGC to Supply Sercel 5...
28/10/25
Record
Petrobras announces production record of FPSO Almirante ...
28/10/25
OTC Brasil 2025
Event brings together global offshore industry leaders a...
28/10/25
OTC Brasil 2025
Petrobras participates in OTC Brasil 2025, in Rio de Janeiro
28/10/25
Petrobras
Petrobras produced 3.14 million barrels of oil equivalen...
27/10/25
FIRJAN
By 2035+, Rio de Janeiro State’s Energy Potential Could ...
23/10/25
Pre-Salt
PPSA to auction in December the first share of governmen...
23/10/25
Auction
Petrobras wins auction and leases RDJ07 terminal at the ...
23/10/25
Permanent Offer
Equinor acquires two new blocks in the Campos Basin duri...
23/10/25
OTC Brasil 2025
OTC Brasil 2025 Kicks Off in One Week with a Packed Prog...
22/10/25
Agreement
Wärtsilä Lifecycle agreement renewed to maintain safe, r...
22/10/25
Petrobras
Petrobras receives operating license for deepwater explo...
20/10/25
Equatorial Margin
License Grant for Drilling in the Equatorial Margin Is P...
20/10/25
Equatorial Margin
ABESPetro Statement on the Licensing of the Equatorial M...
20/10/25
Energy Transition
BNDES, Petrobras, and Finep select Valetec to manage the...
20/10/25
Pre-Salt
Petrobras and PPSA sign equalization agreement for Jubar...
20/10/25
WPC Energy Youth Forum
Kuwait to Host 8th WPC Energy Youth Forum in October 2025
20/10/25
Exports
Petrobras signs contract to sell six million barrels of ...
20/10/25
Petrobras
Petrobras puts the Harpia supercomputer into operation
10/10/25
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.