S5/10economic

Raizen Keeps Burning Cash, Sets Steeper Charge Amid Restructure

Brazilian sugar and fuels company Raizen SA reported a cash burn of 3.4 billion reais ($657 million) for the first three months of 2026 and roughly doubled its impairment charge for the crop year, signaling continued challenges as it proceeds with its debt restructuring plan.

29 Jun 2026, 22:29 UTCSource: Bloomberg MarketsOriginal source
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