An acquisition would bring Cosan's total crushing power to 51 million tonnes of sugar cane each year, from a current 42 million tonnes. Meanwhile, Santelisa Vale, another Brazilian sugar-cane outfit, is looking for a cash injection as it tries to weather the credit crisis. Bloomberg reports that the company is seeking a deal with banks to swap R$2bn ($867m) of equity for debt.
Market leader set to take over family business
A deal appears to be brewing for world ethanol market leader Cosan to take over refineries owned by NovAmerica, a local family-owned sugar-cane business.
5 February 2009 23:00 GMT
Updated
25 November 2012 9:19 GMT
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