SINGAPORE : Noble Group, Asia's largest commodities trader, said on Monday it has signed a US$950 million deal to purchase two sugar mills from Brazilian and ethanol group Cerradinho Holding.
In a statement to the Singapore Exchange, it said the two mills will increase Noble's total annual sugarcane crushing capacity to 17.5 million tonnes.
This acquisition will propel the Singapore-listed firm into the top tier of sugar cane milling companies globally.
The two mills being acquired, Catanduva and Potirendaba, are fully operational in Sao Paulo state and are 50 kilometres from each other.
Both the facilities being acquired have good access to domestic and foreign markets and are located close to competitive rail infrastructure.
The mills have a strong operational track record and are active in both domestic and export markets.
Noble said the funding of the acquisition would come from existing resources.
Cerradinho, based in central Brazil, is one of the top 15 ethanol and sugar makers in Brazil, the world's largest producer of sugar.
美股市況|美首季GDP放緩 道指曾瀉700點後跌幅收窄 長債息升穿4.7厘 美英偉達逆市彈3%(不斷更新) – 香港經濟日報 – 即時新聞頻道 –
即市財經 – 股市
-
美股早段大跌,道指曾瀉706點,低見37754點,納指曾挫368點或2.3%,至15343點開市大跌16%,預告今年資本開支增、明年使費更大微軟、Alphabet、intel、Snap等將公布業績美股
Read More
41 minutes ago
No comments:
Post a Comment