Mubadala-Backed Atvos Is Said to Mull Bid for Raizen Mills (1)

Atvos, a Brazilian ethanol and sugar producer backed by Mubadala Capital, is among companies considering bids to acquire three sugar mills from Brazil’s Raizen SA, according to people familiar with the matter.

Raizen, a joint-venture between Shell Plc and Cosan SA, hired Banco Itau BBA for the sale, according to one of the people. The mills are in the Brazilian state of Mato Grosso do Sul.

The sale process has just started and may end up without a deal, said the people, who asked not to be named because the information is private.

Raizen declined to comment. Itau ...