Petrobras sells ethanol producer

Petrobras Biocombustível announced the sale of 49% stake in the new frontier, ethanol producer. The part of the State was traded for $133 million for the Saint Martin. The operation is part of the realization of the Programme biennium 2015-2016 and must still be approved by the General Assembly of São Martinho, and by the Administrative Council for economic Defense (Cade).

According to Petrobras, the São Martinho is one of the largest producers of sugar and ethanol in the country, and the group must have a growth of 12.3% on your total milling, 21,600,000 tons of sugar cane.




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