The worth of the deal used to be no longer disclosed
15 September 2023
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Brazil’s antitrust watchdog CADE licensed US grain dealer Cargill’s acquisition of Brazilian soy crusher Granol’s 3 soy crushing crops on Wednesday, reported Reuters.
The USA corporate ultimate month introduced a binding be offering to shop for the soy crushing crops because it appears to be like to spice up biodiesel manufacturing and extend operations on the planet’s largest soy manufacturer.
The approval, revealed within the nation’s reputable gazette on Wednesday afternoon, additionally permits Cargill’s acquisition of biodiesel crops at Granol’s commercial complexes positioned within the towns of Anapolis, Porto Nacional and Cachoeira do Sul.
With the approval, america corporate may have 9 Brazilian soy crushing crops, equalling Bunge, consistent with knowledge from oilseed foyer Abiove.
Cargill didn’t in an instant remark at the topic. Data at the price of the deal used to be no longer disclosed.
Granol is keeping up two soybean processing crops within the state of Sao Paulo that produce soybean oil and meal.