BUSINESSJun 29 · 22:29 UTCBLOOMBERGDayanne Sousa, Ana Mano

Raizen Keeps Burning Cash, Sets Steeper Charge Amid Restructure

Raizen SA is selling a refinery and hundreds of gas stations in Argentina to Mercuria Energy Group amid financial difficulties and restructuring. The company is burning cash and has set a steeper charge as part of its restructure.

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Raizen SAorganizationMercuria Energy GrouporganizationArgentinaplaceRaizen SA Dock Sud oil refineryplace

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