SAO PAULO--Brazil's antitrust agency CADE, part of the country's justice ministry, has approved the creation of sugar and ethanol company Raizen.

The 50-50 joint venture was formed last year by local sugar and ethanol group Cosan SA (CSAN3.BR) and Royal Dutch Shell PLC (RDSA).

Write to Rogerio Jelmayer at rogerio.jelmayer@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Cosan Limiited (NYSE:CZZ)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Cosan Limiited Charts.
Cosan Limiited (NYSE:CZZ)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Cosan Limiited Charts.