Sugar Giant Cosan Mulls Selling Vale Stake on Leverage Woes [BNN Bloomberg (Canada)]
XP Inc. - Class A (XP)
Company Research
Source: BNN Bloomberg
Cosan has told investors that all options are on the table to improve its balance sheet, including selling part or all of its 4.1% interest in the iron ore producer, the people said, asking not be identified because discussions aren't public. The company has also weighed the sale of an Argentine gasoline distributor it owns in a joint venture with Shell Plc, the people said. No final decision has been made. Cosan SA — a sugar and ethanol empire that has sprawled into everything from lubricant production and gasoline distribution to rail transportation and natural gas home supply — has seen shares plunge to the lowest level in more than four years this month. Investors are skeptical of its ability to spend cash efficiently since its 2022 decision to take on debt to buy a minority stake in Vale, which has since lost value and provided returns deemed “mediocre” by BTG Pactual SA. “Cosan continually monitors the best deleveraging opportunities and remains committed to optimizing capi
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XP
News
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- Foreign Investors Flock Back to Brazil Stocks as Fed Cut Nears [BNN Bloomberg (Canada)]BNN Bloomberg
- Drought Strains Brazil Hydropower Supply, Raising Energy Costs [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Positive week for XP Inc. (NASDAQ:XP) institutional investors who lost 21% over the past year [Yahoo! Finance]Yahoo! Finance
XP
Earnings
- 8/13/24 - Beat
XP
Sec Filings
- 8/26/24 - Form SC
- 8/14/24 - Form 6-K
- 8/14/24 - Form 6-K
- XP's page on the SEC website