Raízen board approves capital increase of up to R$ 39.8 billion
SHEL•Raízen’s board approved a capital increase of up to R$ 39.8 billion through private subscriptions at R$ 0.25 per share, alongside authorization for up to R$ 11 billion in nonconvertible debentures.
1. Restructuring measures
Raízen’s board adopted measures on November 6, 2026, to implement its court-approved extrajudicial recovery plan. The capital increase will raise between R$ 3.5 billion and R$ 39.8 billion through private subscriptions at R$ 0.25 per share; completion requires Shell to subscribe for and hold a majority of the newly issued class B preferred shares.
2. Debt and share programs
The board authorized up to R$ 11 billion in nonconvertible debentures, paying 100% of the DI rate plus 2.75% annually. Directors also established a unit program combining common and class A preferred shares, along with a Level I American Depositary Receipt program.
