DivestmentMay 8, 2026, 06:13 AM
Cosan prices Compass secondary offering at BRL 28/share, raises BRL 2.15B
AI Summary
Cosan S.A. announced the pricing of its secondary public offering of common shares in Compass Gás e Energia S.A. The company sold 76,785,715 shares at BRL 28.00 per share, generating BRL 2.15 billion. The total offering, including other selling shareholders, amounted to BRL 2.82 billion. Cosan's ownership in Compass will decrease from 88% to 77.25%, potentially to 75.37% if the over-allotment option is fully exercised, but it will remain the controlling shareholder.
Key Highlights
- Cosan priced secondary offering of Compass shares at BRL 28.00 per share.
- Cosan sold 76,785,715 shares, raising BRL 2,150,000,020.00.
- Total offering (Cosan + others) comprised 100,892,857 shares, totaling BRL 2,824,999,996.00.
- Cosan granted an over-allotment option for up to 13,392,857 shares.
- If over-allotment is fully placed, Cosan could receive BRL 2,525,000,016.00.
- Cosan's ownership in Compass will decrease from 88% to 77.25%.
- Ownership could further reduce to 75.37% if over-allotment is fully exercised.