On Monday, October 10, the market maintained skepticism about the acquisition of a stake in Vale that Cosan announced on Friday.
At Monday’s close, shares were down 7.51%, quoted at R$15.40 (US$2.97).
In two days, the shares fell 15.57%. The company lost $5.3 billion in market value since closing on Thursday, October 6, when they were worth R$18.24.
With a combination of direct purchase of shares and derivatives, Cosan can achieve 6.5% of the capital of the mining company, equivalent to an investment of R$ 22 billion, assuming . . .
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