The National Competition Commission (CONACOM) authorized, by way of Resolution D/AL No. 49/2022 dated July 18, 2022, the economic concentration operation consisting of the acquisition of 50% of the shares of the Paraguayan company Barcos y Rodados S.A. by Raízen S.A. (a joint venture between the Brazilian Cosan Group and Royal Dutch Shell).
Partner Carla Sosa Martinez and senior associate Alvaro Rojas led the advice to Raízen S.A. in the notification of the Concentration Operation before CONACOM.
Raízen is an integrated energy company that produces and markets ethanol, sugar, fuels and bioenergy. Raízen is present in Brazil since 2011 and in Argentina since 2018. Barcos y Rodados S.A. is a company with more than 30 years of experience in the hydrocarbon market in Paraguay.
With the approval of the Transaction, SHELL returns to the country after a 15-year hiatus.