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Cargill buy two Brazil cane processing plants from Abengoa Bioenergia


 

 

By Reuters

BRASILIA/SAO PAULO
Petroleumworld 06 15 2018

Food processor and commodities trader Cargill Inc has agreed to buy two cane processing plants from Brazilian biofuels firm Abengoa Bioenergia SA for $80 million, a Brazilian newspaper reported on Thursday.

Cargill's CarVal fund will acquire the plants in Sao Paulo state from Abengoa Bioenergia, which is in bankruptcy protection and is a unit of Spain's Abengoa SA, according to O Estado de S. Paulo. The deal will not be finalized until contracts are signed, the newspaper said.

Abengoa And Cargill did not immediately respond to requests for comment.

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Reporting by Jake Spring and Jose Roberto Gomes Editing by Jeffrey Benkoe from Reuters.

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