News International Sugar Journal

Brazil – Recently acquired Usina São Fernando to get an injection of BRL1 billion [Full subscriber]

Millenium Holding Bioenergia recently acquired via auction Usina São Fernando, located in Dourados, state of Mato Grosso do Sul. The company will pay BRL351.6 million (US$67.4 million). The plant, which has been in the process of judicial reorganization and subsequent bankruptcy since 2013, will earn investments of around BRL1 billion (US$191.6 million), in two years, to become a flex unit with the production of sugar and ethanol, both from sugarcane and from corn.…

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