Raízen Calls EGM to Approve Capital Hike, Board Overhaul for Recovery Plan

Raízen, a major Brazilian sugar-ethanol and energy company, has called an extraordinary general meeting for October 30 to approve measures for its extrajudicial recovery plan, including raising authorized capital to 200 billion shares and replacing the entire board. The plan signals a significant restructuring amid financial distress, with shareholder approval likely but not guaranteed. This is a corporate event with potential implications for the company's equity and debt markets.