Deals of the day-Mergers and acquisitions
Cargill has acquired a 50% stake in SJC Bioenergia, gaining full control of the Brazilian firm. Canada’s BCI will purchase BBGI Global Infrastructure for £1.06 billion. Potentia Energy plans to buy controlling stakes in renewable projects in Australia. Risk Strategies has acquired Griffith Insurance. Cristal Union is taking over a refinery from the Lesaffre family, consolidating the French sugar sector. Yorkshire cricket club has sold its entire stake in a Hundred franchise.
Dec 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Thursday: Cargill has signed a purchase and sale agreement for a 50% stake in SJC Bioenergia, giving it full control of the Brazilian sugar and renewable energy firm, according to a statement.
Canada’s BCI, one of the country’s largest asset managers, will buy BBGI Global Infrastructure S.A. (BBGIB.L) in a deal valuing the Luxembourg-based investment firm at 1.06 billion pounds ($1.32 billion), the companies said.
Potentia Energy, a joint venture between Italy’s Enel Green Power and Japan’s INPEX Corp (1605.T) , said it would buy controlling stakes in 1 gigawatts worth of renewable energy projects in Australia from private equity and superannuation fund investors.
Risk Strategies has acquired West Chester, Pennsylvania-based Griffith Insurance, a full-service independent insurance agency.
France’s second largest sugar maker Cristal Union said on Wednesday it had reached an agreement to take over the refinery of the Lesaffre family located south of Paris, marking a new consolidation in the French sugar sector.
Yorkshire have become the first county cricket club to sell their entire stake in a Hundred franchise, British media reported on Wednesday.
