Sep 27, 07:10 PM

Cosan Considers Selling $2.2 Billion Vale Stake ($VALE, $CSAN) to Reduce Debt

Billionaire Rubens Ometto’s conglomerate Cosan is considering selling its $2.2 billion stake in mining giant Vale. The potential sale, involving $VALE and $CSAN, is driven by concerns over leverage and aims to pay down debt. Cosan's move could unwind a soured investment in Vale.

#Rubens Ometto #Cosan #Vale

Written with ChatGPT (GPT-4o).

Sources

Bloomberg@business
11 months ago
Clearlake-backed Springs Window Fashions is huddling with two creditor groups in search of a debt restructuring deal that would bring the dueling factions on board https://t.co/nVA4024gqL
Bloomberg@business
11 months ago
Billionaire Rubens Ometto’s conglomerate Cosan is mulling a sale of assets including its $2.2 billion stake in mining giant Vale, potentially unwinding a soured bet to pay down debt https://t.co/uid1LHsL43
Bloomberg Markets@markets
11 months ago
Billionaire Rubens Ometto’s conglomerate Cosan is mulling a sale of assets including its $2.2 billion stake in mining giant Vale, potentially unwinding a soured bet to pay down debt https://t.co/qIqdPUrekp

Cosan Considers Selling $2.2 Billion Vale Stake ($VALE, $CSAN) to Reduce Debt

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