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. The U.S. grain trader declined to reveal the values involved in the transaction.

Cargill has signed a purchase and sale agreement for a 50% investment in SJC Bioenergia, granting it complete control of the Brazilian sugar and renewable energy company, according to a statement. According to Reuters,

A Cargill, maior comercializadora de commodities agrícolas do mundo, está impulsionando sua operação de combustíveis renováveis e açúcar no Brasil após um período de diminuição nos lucros devido à queda dos preços do milho e da soja.