Raízen sells its operations in Argentina for US$1.42 billion.

This Tuesday (1st), the Raízen announced completion of the sale of its operations in Argentina for companies controlled by group Swiss Mercury Energy GroupThe transaction involves assets and corporate holdings of the company in the country and evaluated in US$ 1.42 billionThe operation was carried out by Raízen Energia – subsidiary of the company – and its buyers were Latam Downstream Holdings and the Silver ProjectsThe closing occurred after the fulfillment of the conditions stipulated in the transaction documents, including… obtaining regulatory approvals necessary. Of the total value, one The installment will be paid in cash., while another corresponds to assumption, by the buyers, of debts from Raízen Argentina. The net value The amount that will actually be received by the Brazilian company has not yet been defined and will depend on… post-closing adjustments, calculated based on the operation's financial statements. The divestment continues the process announced by Raízen in June 4th and it is related to the strategy of asset portfolio optimization, simplification of the operational structure and concentration of capital in markets considered a priorityAccording to the company, the net proceeds from the sale will be allocated to managing your capital structure and for reorganize your assets.

This text was translated by machine from Brazilian Portuguese.