DivestmentApr 28, 2026, 06:32 AM
CSAN to sell ~15% stake in Compass Gás e Energia via public offering
AI Summary
Cosan S.A. announced a secondary public offering of common shares in Compass Gás e Energia S.A., through which it may sell approximately 15% of Compass's share capital. The final price will be determined by a bookbuilding procedure. Concurrently, a partial spin-off of Cosan Dez Participações S.A. was completed, leading to Compass issuing 142,838,019 new common shares to Cosan. This transaction results in Cosan directly holding a 20% equity interest in Compass, without impacting Cosan's own share capital or shareholders' equity.
Key Highlights
- Cosan S.A. announced a secondary public offering of common shares in Compass Gás e Energia S.A.
- Cosan may dispose of approximately 15% of Compass's share capital through the offering.
- The offering price will be determined on the pricing date based on a bookbuilding procedure.
- A partial and disproportionate spin-off of Cosan Dez Participações S.A. was completed.
- Compass issued 142,838,019 new common shares to Cosan as a result of the spin-off.
- Cosan now directly holds a 20% equity interest in Compass.
- There is no change to Cosan's share capital or shareholders' equity from these transactions.