CSAN - Shell-Cosan JV taps banks for IPO in Brazil - Reuters

Brazilian energy firm Raizen, a joint venture between Royal Dutch Shell ([[RDS.A]], [[RDS.B]]) and Cosan (CSAN), has chosen four investment banks to manage its IPO, expected to be one of the largest this year, raising up to 13B reais ($2.25B), Reuters reports.Raizen, the world's largest sugar producer and Brazil's fourth largest company by revenue, picked Banco BTG Pactual, Bank of America, Citi and Credit Suisse as the main banks in the transaction, and likely will add more to the syndicate this week, according to the report.Raizen reportedly would be listed on Brazil's B3 stock exchange B3 and is aiming to conclude the transaction by June or July.Cosan's recent acquisition of Biosev was "opportunistic and savvy, adding quality assets at a great price," Stephen Simpson writes in a neutral analysis posted recently on Seeking Alpha.

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Shell-Cosan JV taps banks for IPO in Brazil - Reuters