BRASILIA, Oct 29 (Reuters) - Brazil's antitrust agency Cade
on Tuesday gave utility Raizen Energia SA, a joint venture
between energy and logistics group Cosan and oil
giant Shell, the go-ahead to buy 81.5% of Cosan
Biomassa.
According to Cade's ruling, the deal was approved without
restrictions because it will not impinge on competition.
Cosan Biomassa, previously owned by Cosan, produces and
sells sugarcane bagasse and straw pellets, serving overseas
customers who use its products "on an experimental basis,"
according to information provided by the company to Cade.
(Reporting by Luciano Costa; Writing by Jamie McGeever; Editing
by Mark Potter)
