CADE APPROVES SAO MARTINHO'S TAKEOVER OF SANTA CRUZ MILL

摘要

Antitrust regulator Cade (Conselho Administrativo de Defesa Economica) has approved the earlier announced acquisition of Santa Cruz SA Acucar e Alcool by Sao Martinho SA. Sao Martinho will pay BRL315.8 mln ($1=BRL2.21) over a ten-year period for 56.05% of Santa Cruz's capital, which will bring Sao Martinho's total stake in Santa Cruz from 36.09% to more than 92.14%.