Raízen of the Shell group buys Louis Dreyfus Biosev for R$3,6 billion more shares, and expands its domain in sugar and ethanol in Brazil
Raízen, the giant world producer of sugar and sugarcane ethanol, has authorization from the Brazilian antitrust agency for the acquisition of 9 Biosev plants, a transaction announced by the companies on 08/02, which will involve payment of 3,6 billion reais and shares. Looking for a job? Maintenance shutdown at the Braskem petrochemical plant in SP, demand job openings for all functions, this March 04th
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"The present operation does not raise major concerns in terms of competition, due to the low market shares held by the applicants in the horizontally and vertically related markets", said Cade in an opinion on the transaction. The endorsement was published in the Official Gazette last Tuesday.
The new plants of Raízen, the world's giant producer of sugar and sugarcane ethanol
According to Raízen, the purchase includes nine strategically located sugar and ethanol plants (six in the State of São Paulo, two in Mato Grosso do Sul and one in Minas Gerais), representing an installed crushing capacity of up to 32 million tons of sugarcane. The operation also includes energy cogeneration, with an export capacity of up to 1.3 GWh of electricity/year, and an area of 280 hectares of planted sugarcane.
With the integration, Raízen, a joint venture between Cosan and Shell, will have a total of 35 ethanol producing plants, totaling an installed crushing capacity of 105 million tons of sugarcane and around 1,3 million hectares of crops, equivalent to 15% of the Brazilian planted area.
Competitively positioned in the market, with operational efficiency and financial discipline, the giant ethanol producer informs that the operation strictly follows the principles of capital discipline and will not impact the company's leverage, preserving the company's credit profile, which today is "investment grade" by the three largest global rating agencies.
Expensive gasoline made ethanol prices rise in all Brazilian states
With another increase in the price of gasoline at fuel stations since yesterday (02/03), people have opted for the use of ethanol. Last week alone, biofuel prices rose in all Brazilian states – without exception, according to data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) held between February 21st and 27th. Read the full article here
