COSAN AND SHELL SIGN BINDING DEAL ON ETHANOL VENTURE

摘要

Royal Dutch Shell Plc and sugar and ethanol producer Cosan signed a binding agreement on their earlier announced joint venture. The joint venture with estimated annual sales of $21 bln was modified since its initial announcement in February to include all of Cosan's energy generation business and an additional BRL500 mln ($1=BRL1.77) in debt owed to state-run development bank BNDES.