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 as it continues a debt restructuring plan, according to Bloomberg.
The company also roughly doubled its impairment charge for the crop year, signaling ongoing challenges during the overhaul.
Raizen Reports 3.4 Billion Reais Cash Burn, Doubles Impairment Charge Amid Restructuring
2026-06-29 22:41:55
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