Commodities
Cargill to Buy Plants From Brazil Biodiesel Maker Granol
- Deal with top Brazilian biofuels maker includes storage sites
- Acquisition to expand Cargill’s processing footprint in Brazil
Soybeans harvested on a farm near Brasilia, Brazil.
Photographer: Andressa Anholete/BloombergThis article is for subscribers only.
Cargill Inc., the world’s largest agricultural trader, agreed to buy plants and storage sites from Brazilian biodiesel maker Granol Industria Comercio e Exportacao SA to expand its soybean operations in the South American nation.
The Minneapolis-based firm will gain three soybean processing plants and four storage facilities in the deal with Granol, according to a Monday statement that didn’t provide terms. Cargill, the largest private company in the US, said the offer is being submitted to Brazil’s antitrust authorities for approval.