Sao Paulo (Bloomberg) — Bermuda-based Cosan Ltd., parent of the world's biggest sugar-cane processor, plans to hold a shares swap auction on April 14 to acquire stock of its operating unit as part of a corporate reorganisation plan.

The company is offering to pay shareholders of Cosan SA Industria e Comercio with its US-traded shares or Brazilian Depositary Receipts of those shares, Bermuda-based Cosan said yesterday in a filing with Brazil's securities regulator.