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Bunge set to buy Brazil Sugarcane Mills for $900 Million
30 minutes ago ago from The Sugarcane Blog
Agribusiness giant Bunge said it will pay $896 million in stock to Brazil's Moema sugarcane group. The deal gives Bunge a majority stake in about six mills in Brazil. According to Reuters , mergers and acquisitions have been gaining momentum in Brazil's sugar and ethanol sector since the credit crisis hit mills that took on too much debt in past years to leverage their expansion. Bloomberg says Bunge may enter agreements to secure the ...
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