Ecodiesel Advances Vanguarda Buy

Ecodiesel Advances Vanguarda Buy

Brazil M&A

The board of Brasil Ecodiesel has approved a plan to buy Vanguarda by using new shares, moving the two closer to a union that has been in the discussion phase for several months now. Ecodiesel, Brazil’s largest biodiesel manufacturer, will issue new shares to holders of soy and cotton grower Vanguarda. Ecodiesel’s calculations put the value of the combined entity at around BRL2.23bn ($1.4bn). The transaction still must be approved by shareholders. The agreement follows a courtship peri

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial