# Tag: Brazilian conglomerates

- [Ultrapar and the Holding Company Dilemma](https://brazilstockguide.com/behind-the-lines/ultrapar-holding-strategy-ipiranga-rumo/) (2026-03-15): Between a possible sale of a stake in Ipiranga and the purchase of shares in Rumo, the group tests its new ambition as a capital allocation platform.
- [Cosan’s Raízen firewall](https://brazilstockguide.com/behind-the-lines/cosans-raizen-firewall/) (2026-03-10): By writing down its stake and cutting holding debt, Cosan is trying to prevent Raízen’s troubles from spreading across the group.
- [Cosan Still Selling Assets to Fix the Balance Sheet](https://brazilstockguide.com/insights/cosan-asset-sales-btg-perfin-deleveraging/) (2026-02-01): The Brazilian conglomerate must sell at least R$9 billion in assets to rebalance leverage, according to O Globo.