(Adds amount of shares to be sold and pricing date)
By Carolina Mandl
SAO PAULO, July 14 (Reuters) - Brazil's Raizen, a joint
venture between Royal Dutch Shell and Brazilian energy
company Cosan SA, plans to raise roughly 6.9 billion
reais ($1.34 billion) in an initial public offering, a
securities filing showed on Wednesday.
Raizen said it set the price range at 7.40 to 9.60 reais per
share, which will give the company a valuation between 73
billion reais ($14.13 billion) and 98 billion reais, according
to the document, as Reuters reported earlier on Tuesday.
The final price will be set on Aug. 3.
Raizen will initially sell 810,811,000 shares in the
offering, but it may increase it by 35% depending on demand.
The company said it plans to use the offering proceeds to
build new plants to expand production, invest in storage
infrastructure and boost productivity.
The IPO syndicate has 11 investment banks, including the
units of Banco BTG Pactual SA, Citigroup, Bank of America,
Credit Suisse Group AG, JPMorgan Chase & Co, Banco Bradesco SA,
Banco Santander Brasil, XP Investimentos, HSBC, Safra and
Scotiabank.
($1 = 5.1635 reais)
(Reporting by Carolina Mandl; editing by Jason Neely and Louise
Heavens)
