Raízen, Global Producer of Sugar and Ethanol, Gets CADE Approval to Acquire Biosev Plant for 3.6 Billion Reais Plus Additional Amount in Shares

Written by Flavia Marinho

Published on 04/03/2021 at 10:41

Usina de etanol

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Raízen of Shell Group Acquires Louis Dreyfus Biosev for R$3.6 Billion Plus Shares, Expanding Domination in Sugar and Ethanol in Brazil

Raízen, the global giant in sugar and ethanol production from sugarcane, has received authorization from the Brazilian antitrust authority for the acquisition of 9 Biosev mills, a transaction announced by the companies on 02/08, which will involve a payment of 3.6 billion reais and shares. Looking for a job? Maintenance stop at Braskem petrochemical in SP demands job vacancies for all positions on this day, March 4

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“This operation does not raise major concerns in terms of competition, due to the low market shares held by the acquirers in the horizontally and vertically related markets,” said Cade in a statement regarding the transaction. The approval was published in the Official Gazette on Tuesday.

The New Mills of Raízen, the Global Giant in Sugar and Ethanol from Sugarcane

According to Raízen, the purchase includes nine sugar and ethanol mills strategically located (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 cane. The operation also includes cogeneration of energy, with an export capacity of up to 1.3 GWh of electricity per year, and an area of 280 thousand hectares of planted cane.

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Expensive Gasoline Caused Ethanol Prices to Rise in All Brazilian States

With another increase in gasoline prices at fuel stations since yesterday (03/02), people have opted for using ethanol. Only last week, the biofuel increased in all Brazilian states – without exception, according to data from the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) conducted between February 21 and 27. Read the full article here

Raízen, Global Producer of Sugar and Ethanol, Gets CADE Approval to Acquire Biosev Plant for 3.6 Billion Reais Plus Additional Amount in Shares

Raízen of Shell Group Acquires Louis Dreyfus Biosev for R$3.6 Billion Plus Shares, Expanding Domination in Sugar and Ethanol in Brazil

Read Also

The New Mills of Raízen, the Global Giant in Sugar and Ethanol from Sugarcane

Expensive Gasoline Caused Ethanol Prices to Rise in All Brazilian States

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Raízen, Global Producer of Sugar and Ethanol, Gets CADE Approval to Acquire Biosev Plant for 3.6 Billion Reais Plus Additional Amount in Shares

Raízen of Shell Group Acquires Louis Dreyfus Biosev for R$3.6 Billion Plus Shares, Expanding Domination in Sugar and Ethanol in Brazil

Read Also

The New Mills of Raízen, the Global Giant in Sugar and Ethanol from Sugarcane

Expensive Gasoline Caused Ethanol Prices to Rise in All Brazilian States

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

Cambodia has started digging a nearly 180-kilometer canal to connect the Mekong River directly to the sea and reduce its dependence on the ports of neighboring Vietnam.

Scientists considered detonating 213 nuclear bombs in the Sahara to create an artificial sea the size of El Salvador, with each explosion being a hundred times more powerful than the Hiroshima bomb, and the goal was to generate more energy than Egypt’s largest hydroelectric plant.

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