Dreyfus to take over Brazil's Santelisa
One of Brazil’s largest sugar and ethanol groups Santelisa has confirmed that it has been bought by French commodities group Louis Dreyfus.
The Brazilian subsidiary of Louis Dreyfus, Commodities Bioenergia (LDC), expects to incorporate Santelisa within two months pending the Brazilian company restructuring its debt of €970 million.
In order to make the deal viable LDC Bioenergia needed to raise €144 million back in February.
Santelisa Vale has five mills in Sao Paulo, with an annual cane crushing capacity of around 20 million tonnes. This is roughly the same capacity as LDC, which has eight ethanol and sugar plants in Brazil.
The Brazilian subsidiary of Louis Dreyfus, Commodities Bioenergia (LDC), expects to incorporate Santelisa within two months pending the Brazilian company restructuring its debt of €970 million.
In order to make the deal viable LDC Bioenergia needed to raise €144 million back in February.
Santelisa Vale has five mills in Sao Paulo, with an annual cane crushing capacity of around 20 million tonnes. This is roughly the same capacity as LDC, which has eight ethanol and sugar plants in Brazil.
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