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August 26, 2008 | Jim Lane | Comments 0

Southridge raises $7.5 million additional equity for Brazil ethanol venture from Durmundo Carasca, Briskul Transaccao

In Brazil, Southridge Enterprises has secured $7.5 in additional finance for its Southridge Brasilia ethanol plant. Durmundo Carasca invested $5 million to bring its investment to 15 percent in the project, while Briskul Transaccao added in $3.27 million to brings its stake to 35 percent.

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