Raízen strikes R$ 22.4 billion deal with the federal government and gets R$ 8.5 billion discount
The understanding with the PGFN and the tax agency is necessary for the company's financial restructuring; it has net debt of R$ 55.3 billion.
Translated from the Portuguese original by the Panorama newsroom. Read in Portuguese
Summary written by the Panorama newsroom from the sources listed below. Facts are attributed to the original publications.
Raízen announced on Wednesday (28) an agreement with the federal government to renegotiate R$ 22.4 billion in tax debts of group companies, according to g1. The negotiation was conducted with the Attorney General's Office for the National Treasury (PGFN) and the Federal Revenue Service.
Of the total, R$ 16.7 billion belongs to the company, and the remainder, R$ 5.7 billion, ultimately falls under the responsibility of the controlling shareholders. On the company's portion, there is a discount of R$ 8.5 billion in fines and interest, which reduces the figure to R$ 8.2 billion.
To settle that amount, Raízen will use R$ 5.7 billion in tax credits from accumulated losses and will pay R$ 2.5 billion up front. The statement does not detail how the controlling shareholders' portion will be paid.
The agreement is part of the financial reorganization and is a condition for implementing the restructuring plan. In March, the company filed for out-of-court reorganization to renegotiate R$ 65.1 billion in debts, a plan approved in July. Net debt reached R$ 55.3 billion in December 2025, and Raízen posted a loss of R$ 15.6 billion in the third quarter of the 2025/26 crop year.