Cosan Narrows Q2 Loss as Deleveraging Drive Takes Hold

Brazilian Conglomerates Key Facts —Net loss. Cosan posted a R$946 million (US$186 million) net loss, R$719 million narrower than a year earlier. —Gross debt. Gross debt fell to R$21.5 billion (US$4.2 billion), helped by liability-management actions over twelve months. —Net debt. Net debt held steady at R$17.5 billion (US$3.4 billion) during the quarter. —Drivers. The…