IG4 Offers to Buy Raizen Debt in Quest for Majority Stake

The Raizen SA distribution center in Sao Paulo, Brazil, on Thursday, Feb. 12, 2026. Raizen, backed by Brazilian conglomerate Cosan SA and Shell Plc, has been squeezed by high interest rates, weaker-than-expected harvests and a series of ambitious investments that have yet to deliver meaningful returns.