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Markets :: Alternative Fuels :: Bioethanol
Bunge Buys Sugar, Ethanol Assets in Brazil
8:02 AM MST | December 28, 2009 | Kara Sissell
U.S. agribusiness firm Bunge (White Plains, NY) says it has agreed to purchase Brazilian sugar and ethanol producer Unisa Moema Participações (Moema; São Paulo). The deal gives Bunge one wholly owned sugarcane mill and ownership interest in five others. Together the annual crushing capacity is about 15.4 million m.t. The deal, structured as a share exchange, is valued at about $896 million, including about $480 million in net debt. Bunge is also considering agreements with other companies with interest in the five mills. “In the coming...
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