Tag: Sao Martinho SA

• Saturday, December 17th 2016 - 00:24 UTC

  Petrobras sells ethanol assets as it moves out of the biofuels industry

  

  Brazil's oil company Petrobras has agreed to sell its 49% stake in the sugar and ethanol joint venture Nova Fronteira Bioenergia SA to partner São Martinho SA, both companies said in securities filings on Thursday. Petrobras will receive 24 million new São Martinho shares as payment for the stake. Petrobras said in the filing that it will attribute a US$133 million value to the deal.

• Saturday, October 19th 2013 - 15:40 UTC

  Fire ravages Brazil’s main sugar terminal paralyzing operations and boosting prices to a year high

  

  A fire in Santos ravaged Copersucar's sugar terminal in Brazil, paralyzing operations of the world's biggest sugar trader and putting 10 million tons of export capacity offline for six months or more.