Reported 16 days ago
Rubens Ometto, the controlling shareholder of Cosan S.A. (CSAN), is in discussions for a $141 million loan from Banco Bradesco to maintain his family's stake in the company amid recent financial challenges. Despite reporting an EBITDA of almost $1.1 billion, Cosan faced a significant net loss of nearly $190 million in Q2 2025. The loan aims to assist in the company's debt reduction strategy and bolster confidence after a 20% drop in share price following restructuring announcements.
Source: YAHOO