Cosan predicts opening of 500 stores with Oxxo and Select brands in the next 3 years

The Cosan Energy and infrastructure company provides for the opening of 500 convenience stores with the brands Oxxo and Select in Brazil over the next three years, said the company's investor relations executive manager, Phillipe Casale, on Tuesday (13). Cosan is a partner of Shell in Raízen, which in turn closed the deal last week to expand its performance in the conveniences sector of Brazil, after agreement with Mexican Femsa. The new joint venture, between Raízen and Femsa, valued at R $1.12 billion, also plans investments in Select stores, located within the fuel stations.