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Radar Group sells 41,214 hectares of land to Cosan for BRL 1.85 billion as part of deleveraging strategy
CSANCosan S.A.
Cosan S.A. announced that Radar Group, through its subsidiaries, entered into a purchase and sale agreement to sell 41,214 hectares of agricultural land in Mato Grosso, Brazil, representing 12% of Radar's total portfolio. The total sale price is BRL 1.85 billion, with approximately BRL 586 million attributed to Cosan's interest. This divestment is part of the company's strategy for deleveraging and portfolio simplification. Cosan is a Brazilian holding company operating in energy, logistics, and agriculture.