Cosan (CSAN3) stated on Monday, November 9, 2026, that no transaction has been approved and no binding instrument has been signed for the sale of its stake in Compass. The clarification responds to an inquiry from B3, which asked for explanations about a report from Valor Econômico - Pipeline, dated November 5, 2026, according to which the company was negotiating the sale of 25% of Compass.
According to the report cited by B3, Cosan would negotiate the stake with an investment manager linked to the government of Abu Dhabi. The transaction would be carried out as a private sale, rather than a share offering on the stock exchange, due to the less favorable market environment. Compass shares would be traded at R$ 19.58, below the IPO price of R$ 28. With a market value of R$ 14 bi, the sale would bring in about R$ 3.5 bi. Cosan holds 76.18% of Compass, the controlling shareholder of Comgás.
Cosan stated that it continuously evaluates alternatives for the assets in its portfolio, including divestments and sales of equity interests, with the aim of optimizing its capital structure and generating value for shareholders. The company recalled that, as reiterated in the Material Fact of October 20, 2026, it continues to evaluate alternatives for all of its assets.
The company reaffirmed that it will keep shareholders and the market informed about any relevant developments.
