Cosan says no Compass stake sale is approved or binding deal signed
CSAN•Cosan said no sale of a Compass stake had been approved and no binding agreement had been signed. A reported proposal to sell 25% could generate about R$3.5 billion, based on Compass's R$14 billion market capitalization.
1. No deal approved
Cosan said on November 9 that no sale of a stake in Compass had been approved and no binding agreement had been signed. A November 5 report described talks over a potential sale of 25% of Compass, which could generate about R$3.5 billion based on its R$14 billion market capitalization.
2. Cosan's holding
Cosan holds 76.18% of Compass, which controls Comgás.
