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Cosan confirms talks to buy railroad operator ALL
Brazilian energy company Cosan SA Indústria e Comércio said its Rumo Logística unit is in preliminary talks to purchase the country’s largest railroad operator, América Latina Logística SA , or ALL.
Cosan, the world’s largest sugar and ethanol exporter, said in a statement that no formal offer has been made to ALL. Local media has reported that the Brazilian government is working to convince Cosan to take over the railway operator. (Reuters)
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