Cosan Board Approves Contribution of 20.33% Rumo Stake to Maglev Fund
Bitget2026/10/16 21:06- Cosan's board met on Oct. 6, 2026, approving an investment in FIP Maglev.
- The subscription will be funded with 377,829,490 Rumo ordinary shares, representing approximately 20.33% of total shares, including treasury stock.
- BTG Pactual Gestora de Investimentos Alternativos will manage the fund; BTG Pactual Serviços Financeiros will serve as administrator.
- BTG-linked directors abstained from the appointments vote due to potential conflicts of interest.
- The fund will become a “Relevant Subsidiary” upon completion, subject to governance provisions of the Nov. 7, 2025, shareholders' agreement.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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