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The worth of the deal was not disclosed
15 September 2023
1 minute learn
Brazil’s antitrust watchdog CADE accredited US grain dealer Cargill’s acquisition of Brazilian soy crusher Granol’s three soy crushing vegetation on Wednesday, reported Reuters.
The US firm final month introduced a binding provide to purchase the soy crushing vegetation because it appears to spice up biodiesel manufacturing and broaden operations on this planet’s largest soy producer.
The approval, printed within the nation’s official gazette on Wednesday afternoon, additionally permits Cargill’s acquisition of biodiesel vegetation at Granol’s industrial complexes situated within the cities of Anapolis, Porto Nacional and Cachoeira do Sul.
With the approval, the US firm could have 9 Brazilian soy crushing vegetation, equalling Bunge, based on knowledge from oilseed foyer Abiove.
Cargill didn’t instantly touch upon the matter. Data on the worth of the deal was not disclosed.
Granol is sustaining two soybean processing vegetation within the state of Sao Paulo that produce soybean oil and meal.
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