Renuka Sugars Brazil buy seen as cane supply ship

2010 February 22

tags: a large Brazilian sugar and ethanol firm., Shree Renuka Sugars Ltd

by chandra

Shree Renuka Sugars Ltd (SRSL) was acquiring majority stake in a large Brazilian sugar and ethanol firm. “We have entered into definitive agreements with Grupo Equipav for an investment of $329 million (Rs.1,530 crore) leading to a majority, controlling equity stake in Equipav S.A. ACUCAR e ALCOOL, one of the largest sugar or ethanol Companies in Brazil,” Shree Renuka Sugars said in a statement.

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Renuka Sugars Brazil buy seen as cane supply ship

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