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French ethanol firm Tereos to list in Brazil in June
Source : reuters.com
French sugar and ethanol maker Tereos, which on Friday won a biofuel deal with Brazilian state-run oil company Petrobras worth nearly $1 billion, plans to list on the Sao Paulo stock exchange in June. The company said in March it would spin off major assets - most of its non-sugarbeet business - in a new company called Tereos Internacional that would list both in Sao Paulo and Paris but had not given further details. "In late June Tereos Internacional will be listed in Brazil", senior executive Alexis Duval said on a conference call on Monday from the Latin American country where Tereos has one of its key units, Acucar Guarani. Under the plan Acucar Guarani is to be taken over by Tereos Internacional. A Paris listing will follow but the date has not been finalised, he said.
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6 May 2010 |
Economy ::
Bioethanol ::
International
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Articles from 6 May 2010 (14 articles)
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