Brazil anti-trust regulator gives OK to Cargil JV to buy two mills

In Brazil, the national anti-trust regulator has given Cargill JV Black River Asset Management the green light to purchase two sugarcane mills from Antonio Ruette Agroindustrial for an estimated $180 million. The two mills crush about 3.8 million metric tons of cane annually in Paraiso and Ubarana. This is the first time in several years that a major commodity trader has purchased mills in Brazil. Antonio Ruette Agroindustrial had previously sought bankruptcy protection from creditors but withdrew in hopes of finalizing the deal with Cargill.