Ceagro Eyes Local Financing for M&A

Ceagro Eyes Local Financing for M&A

Brazil Bonds Structured Finance

Grupo Los Grobo’s Ceagro do Brasil unit is considering raising up to BRL300m ($150m) in Brazil’s domestic market, through the sale of debentures or Certificados de Recebiveis Imobiliarios (CRI), CFO Antonio Oliva Neto tells LatinFinance. The grain producer needs funds to buy stakes of agriculture input retailers and to address working capital needs. Ceagro most recently announced the purchase of a 60% stake in Synagro, an inputs retailer and seller of agrochemical, fertilizer and seeds. Thus far

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