Sugar Producer Considers Brazil Cogen Sale

Sugar Producer Considers Brazil Cogen Sale

Brazil Asia M&A

Shree Renuka Sugars is considering the sale of the energy cogeneration units of its Equipav and Revati plants in Brazil, Gautam Watve, its head of strategy and planning, tells LatinFinance. “We are looking at focusing on our core business of sugar and ethanol, and that is the reason we are looking at the cogen sale,” Watve adds. Proceeds would go toward deleveraging the assets, which had high debt levels when the Indian sugar producer bought the mills. Watve declines to offer further details on

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