Brazilian sugar and ethanol producer Raizen Energia SA is in discussions to acquire a new sugarcane crushing plant in the state of Sao Paulo, Valor Economico reports.
Raizen is a joint venture between Brazil's Cosan SA Industria e Comercio (BVMF:CSAN3) and Royal Dutch Shell Plc (AMS:RDSA).
According to Valor's report, which is based on sources, any deal could involve Raizen assuming BRL 200 million (USD 50.8m/EUR 43.2m) of the facility's debt. The owner of the Usina Rio Pardo mill, privately held group Zogbi, confirmed talks with Raizen. The latter, however, denied holding discussions to buy the facility, the newspaper said.