HSBC Lowers Cosan Rating to Reduce, Sets Price Target at $4.4

Cosan SA, formerly know as Cosan SA Industria e Comercio, is a Brazil-based company primarily engaged in the oil marketing sector. The Company's activities are divided into six business segments: Raizen Energia, which produces and distributes sugarcane derivatives, such as raw sugar and hydrated ethanol, and cogenerates energy from sugarcane bagasse; Raizen Combustiveis, which distributes fuel, mainly through a network of gasoline stations under the Shell brand name; Comgas, which focuses on the natural gas distribution in the state of Sao Paulo, Brazil; Radar, which is responsible for purchase, sale, management and leasing of agricultural land; Lubricants, which manufactures and sells lubricants under the Mobil brand name in Latin American market, as well as the Comma brand name in the European and Asian market, and Other, which includes investments in other businesses. The Company is a subsidiary of Cosan Ltd.