Sugar Giant Cosan Mulls Selling Vale Stake on Leverage Woes

By Yahoo! Finance | Sep 27, 2024 at 03:43 PM EST

Cosan SA, led by billionaire Rubens Ometto, is contemplating selling its $2.2 billion stake in Vale SA to alleviate debt pressures. The conglomerate is exploring various options to improve its balance sheet, including divesting its interests in mining and gasoline distribution ventures.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.