Raízen unit approves B3 Level 2 listing request

Shareholders of Raízen Energia, a subsidiary of Raízen, unanimously approved on October 9, 2026, the submission of a listing request on B3's Level 2 corporate governance segment. The decision covers requests to trade common shares, preferred shares, and share deposit certificates known as units. Raízen Energia's board of directors and executive officers were also authorized to take all necessary steps to implement the measure.

The decision is part of Raízen's broader corporate restructuring. For a shareholder meeting scheduled for October 30, 2026, the parent company has proposed a capital reduction of up to R$ 35 billion through the distribution of Raízen Energia securities to its own shareholders. The execution of that operation depends on the subsidiary completing its exchange listing.

If approved and all conditions are met, Raízen shareholders would directly receive Raízen Energia securities matching the proportion and class of their current holdings. The company noted that the shareholder authorization only permits filing the requests with B3 and does not represent final listing approval. The meeting minutes did not disclose a debut date, trading tickers, unit compositions, or any public share offering or capital raise.

B3's Level 2 segment requires enhanced corporate governance standards, including 100% tag-along rights for both common and preferred shares in the event of a sale of control. Preferred shares also gain voting rights on specific matters, such as mergers and corporate consolidations.