Cosan To Buy Exxon Distribution Assets In Bolivia, Paraguay, Uruguay

Date : 10/21/2011 @ 8:03AM
Source : Dow Jones News
Stock : Cosan Limited Class A (CZZ)
Quote : 9.14  0.0 (0.00%) @ 8:31AM

Cosan To Buy Exxon Distribution Assets In Bolivia, Paraguay, Uruguay

Cosan Limited Class A (NYSE:CZZ)
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Brazil's largest sugar and ethanol group, Cosan Industria e Comercio SA (CSAN3.BR), has bought the distribution assets of Exxon Mobil Corp. (XOM) in Bolivia, Paraguay and Uruguay, Cosan said Friday.

The company, however, did not unveil the acquisition's value in its statement. With the deal, Coan expects an increase of 5% in its annual sales.

In 2008, Cosan acquired nearly all of Exxon Mobil's distribution and sales assets in Brazil.

-By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071; rogerio.jelmayer@dowjones.com

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