Cargill takes over SJC Bioenergia

In Brazil, Cargill signed a purchase and sale agreement for a 50% stake in SJC Bionergia, which, added to the 50% already owned by Cargill, represents full control of the company.  SJC Bioenergia, which was founded in 2006 and, since 2011, has Cargill as one of its partners, has 4,500 employees and has two agro-industrial units in the municipalities of Quirinópolis and Cachoeira Dourada, both in Goiás. The company processes sugarcane and corn, producing raw sugar, hydrous and anhydrous ethanol, corn oil and high-protein distillers’ dried grains (DDGs), in addition to generating electricity. The transaction will be submitted to the Administrative Council for Economic Defense (CADE) and the closing of the operation is subject to approval by CADE and compliance with the conditions set forth in the contract.