Raízen Creditors Demand Significant Capital Injection, Say Sources

Raízen's creditors, including Santander, Bradesco, and Itaú, have sent letters to Cosan and Shell demanding a substantial injection of capital, without specifying amounts. The company faces financial challenges, including high interest rates, low yields, and ambitious investments. Some creditors are concerned about the sacrifice they would have to make under proposals being discussed, including a potential injection of R$5 billion in capital and the acquisition of a stake in the company's distribution business by private equity funds managed by BTG.