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Shell and Brazil’s Cosan Form Joint Venture

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LONDON (Dow Jones) – Anglo-Dutch Oil company Royal Dutch Shell and Brazil’s Cosan SA to a joint Venture with a volume of 12 billion USD based in Brazil. A corresponding Memorandum of Understanding (MoU) was signed, informed the Royal Dutch Shell PLC on Monday.
The joint venture will be in the production of ethanol, Its sugar and energy work. Moreover, it was for the supply, Its distribution and sale of fuel charge.
Both companies control the information that certain assets to The joint venture with. In addition, Shell will be in a period bring two-year U.S. $ 1.625 billion in cash. The two companies now claims to lead the talks on the exclusive Signed a definitive joint venture agreement.

   

Website: www.shell.com

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(END) Dow Jones Newswires

February 01, 2010 06:02 ET (11:02 GMT)

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