Brazil's Cosan sells aviation fuel unit to Shell

SAO PAULO, May 20 (Reuters) - Brazilian sugar and ethanol producer Cosan (CSAN3.SA) said on Wednesday it agreed to sell its aviation fuel business to Shell Brasil Ltda, the domestic unit of Royal Dutch Shell Plc (RDSa.L), for $75 million.

The sale is expected to be completed in 30 days, Cosan said in a statement. Cosan took over the aviation fuel business when it bought the Brazilian fuel distribution from Exxon Mobil Corp (XOM.N) in 2008 for about $830 million. (Reporting by Elzio Barreto, editing by Gerald E. McCormick)