Economy / Brazil
A Sweet Deal For Cosan
September 2008 | Corporate Financing News AlertOn August 21 Cosan, Brazil's largest sugar and ethanol group said that it will, in conjunction with an as-yet-unnamed US investment group create Radar, a new company aimed at purchasing farmland for ethanol facilities in Latin America. Cosan CFO Paulo Diniz said that Radar will attempt to snap up land before announcements over planned sugar and ethanol mills drive up prices. By way of example, he added that 'just three months after announcing our Greenfield projects in Goias, land prices in that region had risen almost 40%'.
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