BP Buys Brazilian Ethanol and Sugar Producer, Expands Biofuels Business

10:55 AM | March 11, 2011 | Natasha Alperowicz

BP has agreed to pay $680 million to acquire 83% of the shares of Companhia Nacional de Açúcar e Álcool (CNAA; Sao Paulo) from Açúcar e Álcool Fundo de Investimento em Participações and Açúcar e...