Shell gets antitrust clearance for Cosan Biomassa deal
Brazilian antitrust regulalor Cade gave the green light to the acquisition of a 81.5% stake in Cosan Biomassa by Anglo-Dutch oil and gas major Royal Dutch Shell Plc (AMS:RDSA).
The approval was made without restrictions and published on today’s Official Gazette.
Shell reportedly made the purchase through Raizen Energia, a joint venture between its local arm Shell Brazil Holding BV and Brazil’s Cosan SA (BVMF:CSAN3), Cosan Biomassa’s parent firm.
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