Tereos International raises maximum $180 million

In Brazil, Tereos International raised the maximum $180 million in a share raise of 142.1 million shares. Shares during the sale period fell below the issue price of BRL2.6 but the maximum was still raised. Funds will go towards an ethanol plant in France, operations in Brazil for producing starch from corn and cassava, and a China-based wheat processing project with Wilmar International.