Cosan Limited (CZZ)

[MWM]

The link between Petrobas and CZZ sure is interesting, here is another story that discusses how Cosan grabbed Exxons Brazilian holdings right out from Petro...

South American oil giant takes over ExxonMobil interests
The Cambodia News.Net
Sunday 10th August, 2008

Brazil's state-owned oil and gas giant Petrobras has signed an agreement worth US$400 million to buy ExxonMobil's stakes in Esso Chile Petrolera.

The announcement has come months after Petrobras failed in its bid to buy ExxonMobil's assets in Brazil.

In April, ExxonMobil sold its assets to Cosan, the world's biggest sugar cane processor for 826 million dollars.

Petrobras will acquire ExxonMobil's fuel distribution business in the retail, industrial and aviation markets.

Petrobras exported crude oil, liquefied petroleum gas, natural gas, petrochemicals and lubricants worth nearly 1.5 billion dollars in 2007.