Companies · Markets

—The deal. Cosan, one of Brazil’s biggest conglomerates, said its farmland arm Radar agreed to sell part of its portfolio for R$1.85bn ($345m).

—What changed hands. The sale covers about 41,214 hectares in Mato Grosso, prime land for soybeans, corn and cotton, roughly 12% of Radar’s holdings.

—Cosan’s cut. Of the total, roughly R$586m ($109m) flows to Cosan, reflecting its stake in the assets sold.

—The buyer. The purchaser was not named, described only as a third party.