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Raizen SA's controlling shareholders are in talks with Mitsubishi Corp. to sell a stake in the Brazilian sugar and ethanol producer. The talks are in an early stage, and Mitsubishi is considering whether to make a proposal for shares. Raizen's parent company, Cosan SA, aims to raise 10 billion reais ($1.8 billion) to reduce its soaring debt, with Banco Itau BBA, Lazard Inc., and Citigroup Inc. working on the deal.

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