FORM
6-K
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Report
of Foreign Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For the
month of December 2008
Commission
File Number: 1-33659
COSAN
LIMITED
(Translation
of registrant’s name into English)
Av.
Juscelino Kubitschek, 1726 – 6th
floor
São
Paulo, SP 04543-000 Brazil
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F:
|
Form
20-F
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X
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Form
40-F
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
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Yes
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No
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X
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Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
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Yes
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No
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X
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Indicate
by check mark whether by furnishing the information contained in this Form, the
Registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
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Yes
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No
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X
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If “Yes” is marked,
indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): N/A
COSAN
LIMITED
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Item
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1.
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Announcement
of Material Fact by
the registrant's subsidiary Cosan S.A. Indústria e
Comércio dated
December
1,
2008.
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2
COSAN
S.A. INDÚSTRIA E COMÉRCIO
Corporate
Taxpayers’ ID: 50.746.577/0001-15
Company
Registry: 35.300.177.045
Publicly
Held Company
Material
Fact
COSAN
S.A. INDÚSTRIA E COMÉRCIO (Bovespa: CSAN3), (“Cosan”), pursuant to CVM
Instruction 358 of January 3, 2002, announces that on December 1, 2008, the
Company concluded the acquisition of Esso Brasileira de Petróleo Ltda.
(“Essobrás”) and affiliated companies, which hold the marketing and distribution
of fuels and production and marketing of lubes and specialties of ExxonMobil in
Brazil. The acquisition was executed through the payment of US$715 million to
ExxonMobil International Holdings B.V. in exchange for 100% interests in the
companies holding the downstream assets of ExxonMobil in Brazil, as well as the
assumption of debt of US$175 million.
Ranking
among the four largest fuel distribution companies in Brazil, Essobrás has a
distribution network with more than 1,500 stations located in all regions of
Brazil, which, combined with industrial clients, register annual sales of more
than 5 billion liters of ethanol, gasoline and diesel, 160 million cubic meters
of VNG and 127,000 cubic meters of lubricants produced at our plant in Rio de
Janeiro, which will continue to offer products under the ESSO and Mobil brands,
developed using ExxonMobil’s global technology. This acquisition also includes a
Services Center located in Curitiba that operates in accordance with the highest
efficiency standards.
Essobrás
currently operates through 40 fuel distribution centers in Brazil, which,
combined with the 18 distribution centers of the Cosan group, will provide
unique logistics efficiency in the Brazilian market.
With this
acquisition, Cosan expands its business model to become the first integrated
renewable energy company, with operations ranging from sugarcane cultivation to
fuel distribution and sales in the retail market. Despite the current global
financial crisis, with the conclusion of this acquisition, Cosan confirms its
full confidence in the Brazilian economy.
Cosan
takes this opportunity to welcome the team at Essobrás and register its esteem
for the network of Esso resellers in Brazil, for its new partners and for the
general public.
São
Paulo, December 1, 2008
Paulo
Diniz
Chief
Executive Officer
Chief
Financial and Investor Relations Officer
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
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COSAN
LIMITED
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Date:
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December
2, 2008
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By:
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/s/
Paulo Sérgio de Oliveira Diniz
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Name:
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Paulo
Sérgio de Oliveira Diniz
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Title:
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Chief
Financial Officer and Investors Relations Officer
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