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Shareholders of Brazil's Raizen vote to back restructuring plan

By Reuters News

By Luciana Magalhaes and Oliver Griffin

SAO PAULO, Oct 30 (Reuters) - Shareholders of Brazil's Raizen RAIZ4.SA, a global sugar and ethanol producer, on Friday voted to approve the implementation of the company's out-of-court restructuring plan, three people familiar with the matter told Reuters.

The package includes a planned capital increase of between 3.5 billion to 39.8 billion reais ($642.2 million to $7.3 billion), according to a company filing published on Monday.


($1 = 5.45 Brazilian reais)

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