SAO PAULO (Reuters) – Cargill has actually authorized an acquisition and sale contract for a 50% risk in SJC Bioenergia, providing it complete control of the Brazilian sugar and renewable resource company, according to a declaration.
The united state grain investor decreased to disclose the worths associated with the deal.
Cargill stated the step developments its technique in the renewable resource market.
The firm, which showed up in Brazil 60 years back, stated it has actually spent greater than 6.8 billion reais ($ 1.17 billion) on its regional procedures over the last few years.
The deal goes through regulative authorization.
SJC Bioenergia, which was established in 2006 and has actually had Cargill as a company companion considering that 2011, has 4,500 staff members and 2 plants in the center-western state of Goias, the declaration stated.
Cargill stated the firm refines sugarcane and corn, creating raw sugar, moisturized and anhydrous ethanol, corn oil and distillers’ dried out grains (DDGs) with high healthy protein material, along with creating electrical energy.
($ 1 = 5.8025 reais)
(Reporting by Ana Mano; Editing by Marguerita Choy)
