We advised Raízen on its IPO and São Paulo Stock Exchange listing

Davis Polk advised Raízen S.A. in connection with Raízen’s initial public offering of 810,811,000 preferred shares for an aggregate amount of R$6 billion. The preferred shares trade on the São Paulo Stock Exchange. Preferred shares sold in the international offering were placed under Rule 144A and Regulation S.

Raízen is a joint venture between Cosan S.A. Industria e Comercio and Royal Dutch Shell plc. Raízen is engaged in the distribution and sale of ethanol and other fuels, the sale and import and export of natural gas, automotive lubricants and other products, as well as in the production and sale of sugar and ethanol and cogeneration of electricity.

The Davis Polk corporate team included Manuel Garciadiaz and Lourenco Lopes-Sabino. Ethan R. Goldman provided tax advice. Leon E. Salkin provided Investment Act advice. Members of the Davis Polk team are based in the São Paulo and New York offices.