Raizen says it controls 1.3 million hectares of agricultural land (Photo: Victor Moriyama/Bloomberg) Bloomberg | 2 September 2025Raizen owners said in talks to sell stake to MitsubishiBy Dayanne Sousa, Cristiane Lucchesi, and Rachel GamarskiBrazil sugar and ethanol producer Raizen SA’s controlling shareholders are in talks to sell a stake to Mitsubishi Corp. as part of a plan to raise capital, according to people familiar with the matter. Raizen is a joint venture between Brazilian holding company Cosan SA and London-based oil producer Shell PLC. Banco Itau BBA is working with Cosan, Lazard Inc. is working with Shell and Citigroup Inc. is working with Raizen. Shell, Raizen and Mitsubishi declined to comment, as did Itau and Citigroup. Chief Financial Officer Rafael Bergman said on an Aug. 14 conference call that Raizen is in active talks with its controlling shareholders for a capital injection.