Batatais Power Plant Acquires Cevasa, Company in the Sugar-Energy Sector, in São Paulo State

Written by Roberta Souza

Published on 22/06/2021 at 17:28

Updated on 22/06/2021 at 18:21

Usina Batatais/ Fonte: Cast Group

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Batatais Plant Confirms Its Purchase of Cevasa (Central Energética Vale do Sapucaí), in the Sugar-Energy Sector, in São Paulo

Yesterday, (06/21), Batatais Plant informed the market, through a statement, that it has acquired the Central Energética Vale do Sapucaí (Cevasa), a company in the sugar-energy sector located in Patrocínio Paulista, in the state of São Paulo. Batatais plant, specialized in producing ethanol and sugar, revealed that it is awaiting approval from CADE (Administrative Council for Economic Defense). See also: To Produce Ethanol from Sugarcane and Corn, São Fernando Plant Will Receive Investments of 1 Billion Reais in Mato Grosso do Sul

The Purchase of the New Unit in São Paulo

Batatais Plant expects the transaction to be completed within 30 to 45 days, when it will take over the operations of Cevasa. The intention, according to the statement, is to establish a governance model “aimed at preserving existing commitments, optimizing between the two companies, ensuring the continuity of both industrial plants, and ensuring long-term business sustainability.”

The CEO states in a statement that it is important to emphasize that Batatais Plant is interested in maintaining transparency in the acquisition process for its employees, customers, suppliers, partners, and the community at large.

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Batatais Power Plant Acquires Cevasa, Company in the Sugar-Energy Sector, in São Paulo State

Batatais Plant Confirms Its Purchase of Cevasa (Central Energética Vale do Sapucaí), in the Sugar-Energy Sector, in São Paulo

The Purchase of the New Unit in São Paulo

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Batatais Power Plant Acquires Cevasa, Company in the Sugar-Energy Sector, in São Paulo State

Batatais Plant Confirms Its Purchase of Cevasa (Central Energética Vale do Sapucaí), in the Sugar-Energy Sector, in São Paulo

The Purchase of the New Unit in São Paulo

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