Rubens Ometto is considering buying selected farmland directly from Radar through Aguassanta Participações, according to people familiar with the matter.
That structure would replace his participation in a broader capitalization tied to Raízen, potentially derailing plans for fresh funding at the sugar and ethanol producer.
Radar is Cosan’s land-management unit, while Raízen is jointly controlled by Cosan and Shell, making the decision significant for Cosan’s asset and financing strategy.
The talks remain private and under discussion, leaving open whether Ometto backs Raízen with new capital or redirects money into land assets instead.
Is Ometto's farmland purchase a strategic pivot to save Cosan or a final abandonment of its bankrupt joint venture, Raízen?
As Raízen collapses, could its chairman's plan to buy company land assets be a massive conflict of interest against creditors?
Will Ometto's new farmland empire embrace sustainable agriculture or will debt pressures force more intensive and damaging farming practices?