Cargillwill seek antitrust approval in Brazil for a binding offer to acquire three soy crushing plants in a bid to boost biodiesel production and expand operations in Brazil.
According to a report atReuters, Cargill released a statement saying the deal involves crushing and biodiesel plants owned byGranol,a privately-owned soy crusher, in the cities of Anapolis, Porto Nacional and Cachoeira do Sul, in addition to four warehouses.
如果交易进展顺利,嘉吉9Brazilian soy crushing plants, equaling Bunge, according to data fromAbiove, which represents the Brazilian vegetable oil industries. Abiove noted 68% of Brazil's biodiesel is produced from soybeans. This year's national output of biofuel is projected at 7 billion liters.
“The purchase intention is in line with Cargill's growth strategy in Brazil and Latin America and reinforces the company's purpose of nourishing the world in a safe, responsible and sustainable way,” Cargill said in its statement on August 21.
