BP Acquires Additional CNAA Shares, Buys Out Remaining Tropical Bioenergia S.A. Shares

摘要

On September 14, BP announced two moves in Brazil. The oil major agreed to acquire an additional 3% share of Brazilian sugar and ethanol producer Companhia Nacional de A?úcar e álcool (CNAA) from LDC Bioenergia S.A. for a price of approximately US$25 million. BP also agreed to increase its share in Brazilian biofuel company Tropical BioEnergia S.A. to 100%, by acquiring the remaining 50% of the company from its current joint venture partners for a total cash consideration of approximately $71 million.