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BP Takes 50% Stake in Brazilian Biofuels JV

12:30 PM MDT | April 25, 2008 | Michelle Bryner

BP says it will acquire a 50% stake in Tropical BioEnergia, a jv between Santelisa Vale Bioenergia (Sertaozinho, Brazil) and Maeda Group (Goiás, Brazil), for approximately Rs100 million ($59.8 million). The jv plans to invest about $1 billion to...

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