Brazil’s antitrust regulator CADE approved Black River Asset Management LLC’s acquisition of two sugar mills from Antonio Ruette Agroindustrial Ltda, according to a notice in the country’s official gazette.
US bases Black River, controlled by U.S. commodity trader Cargill, is buying two installations located in the municipalities of Paraiso and Ubarana in the main cane belt in Sao Paulo state.
The mills have a combined capacity to process around 3.8 million tonnes of cane per crop-year.
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