Brazil’s Raizen SA is preparing to present creditors with a final restructuring proposal as soon as Wednesday, a key step in the struggling sugar and ethanol producer’s months-long push to clinch an out-of-court debt overhaul.
Cia de Saneamento de Minas Gerais announced new terms for its privatization process, after two bids for a 30% stake in the Brazilian water utility came in below the government’s expectations.
COPASA work in Belo Horizonte, Brazil. Photographer: Douglas Magno/AFP/Getty Images
Raizen SA reached an out-of-court restructuring agreement with the majority of its creditors, according to a regulatory filing, marking a key step in the Brazilian sugar-and-ethanol producer’s efforts to rework its debt.
The Raizen SA distribution center in Sao Paulo, Brazil.
Minas Gerais state officials are considering a do-over of Copasa’s privatization process after two bids for a 30% stake in the Brazilian water utility came in below the government’s minimum price, according to people familiar with the matter.
Brazil’s decision to freeze part of the budget of its civil aviation regulator is threatening to delay the arrival of new aircraft and planned capacity expansions just as airlines race to meet robust travel demand and address fleet shortages.
Gol and Azul Airlines parked at Congonhas Airport (CGH) in Sao Paulo, Brazil, on Saturday, June 28, 2025. Azul SA's bankruptcy filing will allow it to restructure and reduce debt, but may impact its proposed merger with Gol Airlines and make it harder to compete with regional peers that have already restructured.
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