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Brazil's Cosan Ends Judicial Battle With ALL

Posted by May 14, 2014

 

Brazilian sugar and ethanol company Cosan SA Industria e Comercio in a securities filing Tuesday said it has resolved a pending judicial battle with America Latina Logística SA, a Brazilian railway operator.

Cosan, whose Rumo Logistica unit recently agreed to a $4.7 billion merger with ALL, said all outstanding disagreements with the rail operator before the merger have now been settled.

The two companies are now focused on completing the necessary steps required for the merger to get regulatory approval, Cosan said in the filing.

(Reporting by Alberto Alerigi; Editing by Lisa Shumaker)

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