Cosan S.A. Informs About Secondary Public Offering of Compass Gás e Energia S.A. Shares
Cosan S.A. has announced a secondary public offering of common shares in its subsidiary, Compass Gás e Energia S.A. The offering will take place in Brazil and Cosan may sell up to approximately 15% of Compass's share capital. The exact number of shares to be sold by Cosan will be determined through a bookbuilding procedure, and the price per share will be set on the pricing date. To facilitate Cosan's participation as a selling shareholder, a partial spin-off of Cosan Dez Participações S.A. was completed, transferring net equity to Compass. As a result, Compass issued new shares to Cosan, increasing its direct equity interest in Compass to 20% without altering Cosan's share capital or equity. The company stated that this information is for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Further details will be disclosed as developments occur.