<SEC-DOCUMENT>0000950103-20-024513.txt : 20210201
<SEC-HEADER>0000950103-20-024513.hdr.sgml : 20210201
<ACCEPTANCE-DATETIME>20201221164539
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950103-20-024513
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20201221

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cosan S.A.
		CENTRAL INDEX KEY:			0001430162
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-AUTO DEALERS & GASOLINE STATIONS [5500]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			0430

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		AV. JUSCELINO KUBITSCHEK
		STREET 2:		1726 - 6TH FLOOR
		CITY:			SAO PAUO, SP
		STATE:			D5
		ZIP:			04543-000
		BUSINESS PHONE:		55-11-3897-9797

	MAIL ADDRESS:	
		STREET 1:		AV. JUSCELINO KUBITSCHEK
		STREET 2:		1726 - 6TH FLOOR
		CITY:			SAO PAUO, SP
		STATE:			D5
		ZIP:			04543-000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Cosan S.A. Industria e Comercio
		DATE OF NAME CHANGE:	20080319
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><B>Manuel Garciadiaz</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

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        New York, NY 10017</P>
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<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">CONFIDENTIAL</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">December 21, 2020</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in; text-align: left"><B>Re:</B></TD><TD><B>Cosan S.A.<BR>
Registration Statement on Form F-4<BR>
Submitted December 9, 2020<BR>
CIK No. 0001430162</B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">U.S. Securities and Exchange Commission<BR>
Division of Corporation Finance<BR>
Office of Energy &amp; Transportation<BR>
100 F Street, N.E.<BR>
Washington, D.C. 20549<BR></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">Attn:</TD><TD>Loan Lauren Nguyen, Legal Branch Chief</TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-indent: 0in">Anuja Majmudar, Staff Attorney</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">On behalf of our client, Cosan S.A., a&nbsp;<I>sociedade por
a&ccedil;&otilde;es</I>, a stock corporation organized under the laws of Federative Republic of Brazil (&ldquo;<B>CSAN</B>&rdquo;
or the &ldquo;<B>Company</B>&rdquo;), this letter sets forth the Company&rsquo;s responses to the comments provided by the staff
(the &ldquo;<B>Staff</B>&rdquo;) of the Division of Corporation Finance of the U.S. Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;)
in your letter dated December 17, 2020 (the &ldquo;<B>Comment Letter</B>&rdquo;). On December 9, 2020, the Company filed a registration
statement on Form F-4 (the &ldquo;<B>Registration Statement</B>&rdquo;) relating to a proposed registration of the offering of
the Company&rsquo;s common stock in connection with a proposed business combination transaction via the Commission&rsquo;s Electronic
Data Gathering, Analysis and Retrieval system (&ldquo;<B>EDGAR</B>&rdquo;) to the Commission. The Company has revised the Registration
Statement in response to the Staff&rsquo;s comments and is filing concurrently with this letter Amendment No. 1 to the Registration
Statement (&ldquo;<B>Amendment No. 1</B>&rdquo;), which reflects these revisions and updates and clarifies certain other information.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">For the convenience of the Staff, each comment from the Comment
Letter is restated in italics prior to the response to such comment. All references to page numbers and captions (other than those
in the Staff&rsquo;s comments) correspond to pages and captions in Amendment No. 1. We are also sending, under separate cover,
a marked copy of Amendment No. 1 showing changes thereto.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"><TR><TD STYLE="vertical-align: top; width: 48%; font-size: 10pt"><FONT STYLE="font-size: 10pt">Division of Corporation Finance<BR> U.S. Securities and Exchange Commission</FONT></TD><TD STYLE="vertical-align: bottom; width: 5%; font-size: 10pt; text-align: center"><FONT STYLE="font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></FONT></TD><TD STYLE="vertical-align: bottom; width: 47%; font-size: 10pt; text-align: right"><FONT STYLE="font-size: 10pt">December 21, 2020</FONT></TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Registration Statement on Form F-4</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Description of CSAN ADSs AND CSAN Deposit Agreement, page
84</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in">1.</TD><TD>We note that the ADS Depositary will issue the CSAN ADSs in consideration for CZZ Class A Shares. We further note the disclosure
that the CSAN deposit agreement will include a provision that CSAN ADR holders and beneficial owners of CSAN ADSs each irrevocably
agree that any legal suit, action or proceeding against or involving CSAN or the ADS Depositary, arising out of or based upon the
deposit agreement, the CSAN ADSs or the transactions contemplated thereby, may only be instituted in a state or federal court in
New York, New York, and each irrevocably submits to the exclusive jurisdiction of such courts in any such suit, action or proceeding.
Please disclose whether this provision applies to actions arising under the Securities Act or Exchange Act. If so, please also
state that there is uncertainty as to whether a court would enforce such provision. If the provision applies to Securities Act
claims, please also state that investors cannot waive compliance with the federal securities laws and the rules and regulations
thereunder. In that regard, we note that Section 22 of the Securities Act creates concurrent jurisdiction for federal and state
courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder.
If this provision does not apply to actions arising under the Securities Act or Exchange Act, please also ensure that the exclusive
forum provision in the agreement states this clearly. Please also file the deposit agreement as an exhibit to your registration
statement or provide analysis explaining why you are not required to do so pursuant to Item 601 of Regulation S-K.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: italic bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.3in">Response</P>

<P STYLE="font: italic bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.3in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.3in">We respectfully acknowledge the Staff's comment and
the Company has revised the disclosure on page 97 of Amendment No. 1 in response to the above comment.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.3in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.3in">2.</TD><TD>Disclosure here states that your deposit agreement will include a waiver of jury trial in any suit, action or proceeding against
you or the ADS Depositary directly or indirectly arising out of or relating to your CSAN Shares or other deposited securities,
the CSAN ADSs, the CSAN ADRs, the deposit agreement, or any transaction contemplated therein, including any suit, action or proceeding
under the U.S. federal securities laws. Please revise to include a risk factor to highlight the material risks related to this
provision, including the possibility of less favorable outcomes, uncertainty regarding its enforceability, the potential for increased
costs to bring a claim, whether it may discourage or limit suits against you and whether the provision applies to purchasers in
secondary transactions.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif">&nbsp;</P>

<P STYLE="font: italic bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.3in">Response</P>

<P STYLE="font: italic bold 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.3in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.3in">We respectfully acknowledge the Staff's comment and
the Company has revised the disclosure on page 19 of Amendment No. 1 in response to the above comment.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.3in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">*&nbsp;&nbsp;&nbsp;&#9;*&nbsp;&nbsp;&nbsp;&#9;*</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Please do not hesitate to contact me at 212-450-6095 or manuel.garciadiaz@davispolk.com
if you have any questions regarding the foregoing or if I can provide any additional information.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Very truly yours,</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">/s/ Manuel Garciadiaz</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">Manuel Garciadiaz</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">cc:</TD><TD>Marcelo Eduardo Martins, Chief Financial and Investor Relations Officer of Cosan Limited, Cosan S.A. and Cosan Log&iacute;stica
S.A.<BR>
Maria Rita de Carvalho Drummond, General Counsel of Cosan Limited, Legal Vice President of Cosan S.A. and Cosan Log&iacute;stica
S.A.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Rafael Suzano, Controller, Cosan Limited</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in">Fabian Junqueira Sousa, KPMG Auditores Independentes</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">Marcos Alexandre Silveira Pupo, Ernst
&amp; Young Auditores Independentes S.S.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0in"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
