Five parties looking to buy two Abengoa Bioenergia Brasil sugarcane mills

In Brazil, two investment funds, two players already in the sugarcane sector and BP’s local counterpart are in various phases of discussions with Abengoa Bioenergia Brasil to buy its Usina São Luiz and Usina São João. If sold, the two could pay off as much as 65% of the $354 million in debt currently being restructured in court. Hopes are that the deals could be finalized in time for the crush to start in April.