Brazil’s Raizen may acquire Dreyfus Sugar Unit

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Raizen Energia SA, biggest sugar producer in Brazil, may acquire Louis Dreyfus Holding BV’s local unit.

According to the news report published in Bloombergquint.com, through the deal, Louis Dreyfus may swap its Biosev SA sugar subsidiary in return over the minor stake in Raizen. The share of Biosev rose to 25 per cent in Sao Paulo as a reaction to the news. Raizen and Louis Dreyfus declined to comment on this.

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