In Brazil, the national anti-trust regulator has given Cargill JV Black River Asset Management the green light to purchase two sugarcane mills from Antonio Ruette Agroindustrial for an estimated $180 million. The two mills crush about 3.8 million metric tons of cane annually in Paraiso and Ubarana. This is the first time in several years that a major commodity trader has purchased mills in Brazil. Antonio Ruette Agroindustrial had previously sought bankruptcy protection from creditors but withdrew in hopes of finalizing the deal with Cargill.
Category: Producer News
This articles was originally posted at: http://www.biofuelsdigest.com/bdigest/2015/12/15/brazil-anti-trust-regulator-gives-ok-to-cargil-jv-to-buy-two-mills/ on