Raízen () informed the market of a transaction between related parties worth approximately R$151.3 million. The operation, concluded on November 8, involves the sale of oil derivatives by Raízen Trading SA to Shell Trading US Company. Both companies are under common control, Raízen highlighted in a relevant fact.
According to the statement released by the company, the transaction was conducted based on Raízen’s internal policies, guaranteeing equitable and market conditions. The negotiation was carried out exclusively between employees of the two companies, with no direct participation of shareholders or administrators of Shell Trading US Company in the decision or negotiation process, explained Raízen.
The company also highlighted that the operation fully followed the guidelines of its Related Party Transactions Policy, observing the principles of competitiveness, compliance and transparency, Raízen highlighted in the relevant fact signed by the financial and investor relations director, Rafael Bergman.
Sign up for the free Day Trading mini-course that teaches you how to trade less than 30 minutes a day
