Shell and Cosan reaffirm commitment to Brazil sugar, ethanol and fuels distribution businesses with revised Raízen joint venture agreement

Shell and Cosan have reached an agreement to strengthen the Raízen joint venture in Brazil, through a change in its contractual structure. The partners have agreed to remove the mutual time-bound buyout options included in the original joint venture agreement, signed in June 2011, and in doing so have transformed Raízen from a temporary to a permanent joint venture. ….