Raizen To Invest BRL600 Million In Logistics - Report

Date : 01/12/2012 @ 5:25AM
Source : Dow Jones News
Stock : Cosan Limited Class A (CZZ)
Quote : 7.25  0.17 (2.40%) @ 2:20PM

Raizen To Invest BRL600 Million In Logistics - Report

Cosan Limited Class A (NYSE:CZZ)
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SAO PAULO (Dow Jones)-Brazil-based sugar and ethanol company Raizen, the 50-50 joint venture formed last year by local sugar and ethanol group Cosan SA (CSAN3.BR) and Royal Dutch Shell PLC (RDSA), plans to invest 600 million Brazilian reais ($333 million) to improve its logistics structure, Valor Economico reported Thursday.

The investment will be made through April 2013, the newspaper reported, quoting Raizen's vice president of logistics, Leonardo Gadotti Filho.

Raizen officials weren't immediately available for comment.

-By Rogerio Jelmayer, Dow Jones Newswires; 5511-3544-7071; rogerio.jelmayer@dowjones.com

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