DJ Bunge In Billion-Dollar Deal To Buy Brazil Sugarcane Co -Estado
BG | Quote | Chart | News | PowerRating -- Bunge Limited (BG) has signed an agreement to buy Brazilian privately held sugarcane company Moema, the local Estado newswire reported after market hours on Monday.
Bunge's press and investor relations office in White Plains, N.Y., was unavailable for immediate comment on a deal Estado cited unnamed sources as saying was close to $1.35 billion.
Moema is a mid-sized sugar and ethanol milling company. If Bunge acquired Moema, it would be one more step in further consolidation in Brazil's sugarcane and ethanol producer industry.
-By Kenneth Rapoza, Dow Jones Newswires; 5511-2847-4541; kenneth.rapoza@dowjones.com
(END) Dow Jones Newswires
11-23-09 1639ET
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