Brazil's Raizen announces restructuring plan, including Shell injection

SAO PAULO, ​June ⁠3 (Reuters) - Brazilian ​sugar and ethanol maker ​Raizen ‌published on ⁠Wednesday a draft out-of-court ⁠debt restructuring ​plan, saying that holders of local debentures ​and ‌CRA certificates would meet later in ​the day to deliberate.

The ‌plan includes a 3.5 billion-real ($699.36 ‌million) injection from Shell at 0.25 real ​per share and a potential ‌additional 500 million-real capital injection ⁠by billionaire ⁠Rubens Ometto's ‌Aguassanta holding, a ​securities filing showed. ($1 = ​5.0046 ‌reais) (Reporting by Gabriel Araujo, Editing by Louise Heavens)

Shell