Raízen reaches R$22.4 billion federal tax settlement in Brazil
The agreement clears a stated condition for the Brazilian energy group’s out-of-court restructuring, combining debt discounts, tax-loss offsets and a cash payment.
Raízen and other companies in its economic group have entered into a federal tax settlement with Brazil’s tax authorities covering R$22.4 billion in specified federal tax liabilities, the company said in a material disclosure filed with securities regulator CVM on October 28,…
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