Sugar Producer Aims for Delisting

Brazil’s Costa Pinto is planning a share repurchase targeting up to BRL270m, it says, in order to delist. The holdco mainly involved in the sugarcane sector plans to offer BRL4.30 per share for the 68.82m preferred shares, or 35.29% of the company. It does not indicate the timing of the sale. Its shares traded at BRL6.50 Friday.