Cosan

Short description: Brazilian conglomerate

Cosan S. A.

Type| Public

Traded as

* B3: CSAN3
* NYSE: CSAN (ADS)
* Ibovespa Component

ISIN| BRCSANACNOR6
Industry|

* Energy
* Sugar

Founded| 1936; 88 years ago (1936)
Headquarters|

São Paulo

Brazil

Key people

| Luis Henrique Guimarães (CEO)
Revenue|

* R$ 3.972 billion[1] (2019)
* R$ 2.607 billion (2018)

Net income

* R$ 2.483 billion[1] (2019)
* R$ 1.903 billion (2018)

Number of employees

| 45,000
Subsidiaries|

* Raízen
* Rumo
* Comgás
* Moove
* Cosan Biomassa

Website| www.cosan.com.br

Cosan is a public-listed company, a Brazil ian conglomerate producer of bioethanol, sugar and energy. The company operates in Brazil, Argentina , Uruguay, Paraguay, Bolivia. They also operate in the United Kingdom under the brand name Moove, manufacturing and supplying Mobil Lubricants, Greases, Cutting Fluids, Coolants and Aerosols.[2]

## Contents

* 1 History
* 1.1 Purchases and mergers
* 1.2 Joint-Venture with Royal Dutch Shell
* 2 References

## History

Cosan began in 1936 in Piracicaba, São Paulo, with the founding of its first factory for milling of sugar cane.[3] From the second half of the 1980s, it quickly expanded operations through the acquisition of several factories in the State of São Paulo. Cosan cultivates, collects and processes sugar cane, the main raw material used in the production of sugar and ethanol. Its 23 plantings occupy almost 600,000 hectares of land and employ 45,000 people. In 1989, the group was the largest producer of sugar and alcohol in the world, with 22 companies and the crushing of 10.5 million tons of sugarcane, 5% of the Brazilian total.[4] In the food sector, the company owns 11.5% of shares of Camil Alimentos, that merged with Cosan Alimentos in 2012.

### Purchases and mergers

On April 24, 2008, Cosan announced the purchase of the portfolio of downstream fuel distribution plants from Esso in Brazil.

On March 13, 2009, the Group confirmed the incorporation of NovAmérica Agroenergia through a stock exchange operation between the Cosan and holding Rezende Barbosa, controller of NovAmérica.[5][6] With the acquisition, the group Cosan reinforces its position as the largest producer of sugar and alcohol in the world and will have an annual processing capacity of around 56 million tonnes of sugar cane, 10% of the Brazilian market, managing 23 plants.

On 3 May 2012, Cosan signed a memorandum of understanding acquiring the BG Group's 60.1% stake in Comgás.[7] The deal was completed in November 2012.[8]

In 2021, Compass Gás e Energia, a company of the Cosan group, announced the purchase of Gaspetro (currently Commit Gás)[9] from Petrobras.[10] The purchase was completed in July 2022 for R$2.097 billion.[11][12]

In the same year, Compass won the auction for the privatization of the Gas Company of the State of Rio Grande do Sul (Sulgás).[13] The purchase was completed in January 2022 for a minimum amount of R$927.7 million.[14]

### Joint-Venture with Royal Dutch Shell

Cosan's Costa Pinto sugar cane mill and ethanol distillery plant at Piracicaba, São Paulo.

On February 1, 2010, Cosan and Royal Dutch Shell announced the creation of a joint venture Raízen that merged their operations of sugar, ethanol and the distribution and marketing of fuels in Brazil. It formed the third-largest distribution company in Brazil and the world's largest bioenergy operation.[15]

In June 2021, Raízen officially registered for an IPO with Brazilian securities regulator CVM.[16] In August, the company raised US$1.3 billion, making it Latin America’s biggest IPO.[17]

## References

1. ↑ 1.0 1.1 "Consolidated Financial Statement 2019". Cosan S.A.. 2019-12-31. https://www.rad.cvm.gov.br/ENETCONSULTA/frmGerenciaPaginaFRE.aspx?NumeroSequencialDocumento=90980&CodigoTipoInstituicao=2.
2. ↑ "Grupo Cosan" (in pt-br). https://www.cosan.com.br/sobre-a-cosan/grupo-cosan/.
3. ↑ FGV (2011-08-20) (in pt-PT). Elites empresariais paulistas: depoimentos à FGV. Editora FGV. ISBN 978-85-225-1110-5. https://books.google.com/books?id=d4llDwAAQBAJ.
4. ↑ "O Estado de S. Paulo - Acervo Estadão". https://acervo.estadao.com.br/pagina/#!/19900104-35241-nac-0062-eco-10-not/tela/fullscreen.
5. ↑ "Brazil - Brazzil Mag - Brazilian Ethanol Giant Cosan Buys ExxonMobil Brazil". http://www.brazzilmag.com/content/view/9269/1/.
6. ↑ "Brazil's Cosan takes over NovAmerica, boosting lead in ethanol". Chemical Business Newsbase. 13 March 2009. http://www.accessmylibrary.com/coms2/summary_0286-37084160_ITM.
7. ↑ Lewis, Josh (2012-05-03). "BG to offload Comgas stake". Upstream Online (NHST Media Group). http://www.upstreamonline.com/live/article1246366.ece.
8. ↑ "BG Group Closes Sale Of Comgás Stake - Quick Facts". RTT News. 2012-11-06. http://www.rttnews.com/1998637/bg-group-closes-sale-of-comgás-stake-quick-facts.aspx?type=maa.
9. ↑ Nascimento, Houldine (2022-07-12). "Gaspetro agora vai se chamar Commit Gás S.A." (in pt-br). https://www.poder360.com.br/energia/gaspetro-agora-vai-se-chamar-commit-gas-s-a/.
10. ↑ "Cosan compra distribuidoras de gás da Petrobras por R$ 2 bilhões" (in pt-BR). 2021-07-28. https://www1.folha.uol.com.br/mercado/2021/07/petrobras-vende-distribuidora-de-gas-para-empresa-da-cosan-por-r-2-bilhoes.shtml.
11. ↑ "Petrobras conclui venda da Gaspetro para Compass" (in pt-br). 2022-07-11. https://agenciabrasil.ebc.com.br/economia/noticia/2022-07/petrobras-conclui-venda-da-gaspetro.
12. ↑ CNPI, Jader Lazarini, analista (2022-06-23). "Compass (PASS3) assume Gaspetro e reforça tese do IPO que falhou" (in pt-BR). https://trademap.com.br/agencia/analises-e-relatorios/compass-pass3-compra-gaspetro-cade-investimentos.
13. ↑ "Governo do RS privatiza Sulgás em leilão de quase R$ 928 milhões" (in pt-br). 22 October 2021. https://g1.globo.com/rs/rio-grande-do-sul/noticia/2021/10/22/governo-do-rs-privatiza-sulgas-em-leilao-de-quase-r-928-milhoes.ghtml.
14. ↑ "Controlada da Cosan, Compass conclui compra de 51% da Sulgás" (in pt-br). 3 January 2022. https://valor.globo.com/empresas/noticia/2022/01/03/controlada-da-cosan-compass-conclui-compra-de-51percent-da-sulgas.ghtml.
15. ↑ "Shell bets on ethanol in $21 billion deal with Brazil's Cosan". Reuters. 1 February 2010. https://www.reuters.com/article/idUSTRE6101TW20100201.
16. ↑ "Brazil energy group Raizen officially files for IPO". Reuters. 3 June 2021. https://www.reuters.com/business/energy/brazil-energy-group-raizen-officially-files-ipo-2021-06-03/.
17. ↑ "Shell-Cosan Venture Snatches $14 Billion Valuation in Brazil IPO". Bloomberg. https://www.bloomberg.com/news/articles/2021-08-03/shell-cosan-venture-is-set-to-raise-at-least-1-1-billion-in-ipo#xj4y7vzkg.

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