Monday, August 6, 2007

UPDATE 1-Spain's Abengoa buys Brazil's Dedini Agro

(Reuters) - Abengoa made the announcement in a statement to the Spanish
stock market regulator. Dedini Agro grows and processes
sugarcane in Brazil for the production, sale and export of
ethanol and refined sugar.




In a presentation after the announcement, the company
said the acquisition would boost net profit by $2.2 million this
year, by $6.1 million in 2008 and by $46 million in 2015.


Read more at Reuters.com Mergers News

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