Raízen Energia approved, at an Extraordinary General Meeting held this Saturday, November 1st, a broad corporate reorganization that integrates the process of simplifying and consolidating its operations in the bioenergy sector. The decisions, taken unanimously by shareholders, include the incorporation of subsidiaries and the partial spin-off of group companies, without changing the share capital.
The first stage of the plan involves the partial spin-off of Bioenergia Barra, whose equity portion will be incorporated by Raízen Energia. The company will then incorporate four energy generation companies from biomass: CoGen Jataí, CoGen Costa Pinto, CoGen Univalem and CoGen Santa Cândida II, which, together, add up to more than R$1.1 billion in valued net assets.
In the third phase, Raízen Centro-Sul SA (BSV1) will transfer its operational and financial assets and liabilities to Raízen Energia, in a partial spin-off. According to the minutes of the extraordinary general meeting dated this Saturday, the operation aims to “optimize the capital and operational structure, generating gains in administrative and financial efficiency”.
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According to the company, the operations are part of a broader process of reorganization of the Raízen Group, which seeks to concentrate all assets and operations related to the production of sugar cane, ethanol and biomass energy in a single controlling company. Despite the complexity of the operations, none of them will imply a capital increase, issuance of new shares or withdrawal rights for shareholders.
*Content prepared with the help of artificial intelligence, revised and edited by the Broadcast Editorial Team, Grupo Estado’s real-time news system
