Analysts praise, Petrobras denies bid for stake in ETH Bioenergia

December 20, 2010 |

In Brazil, despite Petrobras denying that it has bid $1.76 billion for a 40% stake in ETH Bioenergia, analysts are saying that if the company did buy in, it would be an overall good move. The Brazilian ethanol industry is likely to see heightened consolidation during 2011.

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Category: Fuels

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