Raizen unit seeks B3 listing: what it means for Raizen stock

Published on 10/14/2026 at 02:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Raizen Energia seeks B3 listing amid BRL 61.40 billion debt plan. For Raizen stock, this means a BRL 35.00 billion vote on October 30, 2026.

Restructuring shapes Raizen

Raizen Energia shareholders approved a B3 listing request on October 9, 2026.
A BRL 35.00 billion capital reduction is scheduled for a vote on October 30, 2026.
Raizen stock was last at BRL 0.36 on October 13, 2026.
Moody's cut Raizen from Caa1 to Caa3 on October 5, 2026.

Raizen, BRRAIZACNPR6, Illustration mit AI erstellt.

Raizen Energia shareholders approved a request to list the subsidiary on B3 on October 9, 2026, as part of a restructuring plan covering BRL 61.40 billion in debt. For Raizen stock, the decision links the planned separation of sugar, ethanol and bioenergy from fuel distribution to a shareholder vote scheduled for October 30, 2026.

Three restructuring milestones

On July 30, 2026, the restructuring plan was homologated and set out a framework for BRL 61.40 billion of debt, according to C-Level.

On October 5, 2026, El Fondo reported that Moody's had cut Raizen's rating from Caa1 to Caa3 and lowered the rating on USD 187.00 million of senior notes due in 2027.

On October 9, 2026, Raizen Energia shareholders approved a request for a B3 Level 2 listing. C-Level reported that the planned split would create two listed businesses, one focused on sugar and ethanol and another on fuel distribution.

What does the split mean?

The proposal would reduce Raizen S.A.'s capital by up to BRL 35.00 billion and distribute Raizen Energia securities to shareholders rather than return cash, according to Seu Dinheiro. The same proposal would raise the authorized share limit to 200 billion shares, while the recovery plan allows 45 percent of selected creditor claims to convert into units priced at BRL 0.50 each.

Operational improvement has not removed the financial pressure. In the first quarter of the 2026/27 harvest year, revenue rose 4.00 percent year over year to BRL 51.46 billion, adjusted EBITDA more than doubled to BRL 3.85 billion and net loss fell 11.00 percent to BRL 1.64 billion, figures reported by Seu Dinheiro.

Dates and debt remain central

The extraordinary shareholder meeting and the special meeting for preferred shareholders are scheduled for October 30, 2026, while the recovery plan is due to be completed by March 31, 2027, according to Ativo Virtual. The business separation has a December 31, 2027 deadline, keeping execution risk central to the restructuring story.

Debt pressure sets the market backdrop

Raizen stock was last at BRL 0.36 on B3 on October 13, 2026 at 5:05 p.m. BRT, while market capitalization stood at BRL 3.7 billion. Moody's projected leverage above 5.9 times for the 2025/26 harvest cycle and negative free cash flow on October 5, 2026, according to El Fondo.