Spain1s Abengoa buys Dedini shares

Abengoa Bioenergy, a
subsidiary of diversified
Spanish energy company
Abengoa, has signed an
agreement to acquire the
total capital of the Dedini
Agro group of companies
for €216 million.
Dedini Agro is one of the
companies in the Brazilian
bioethanol and sugar market. It
is dedicated to the cultivation
and processing of sugarcane
and the production of
bioethanol with two production
facilities in the State of Sao
Paolo.
Abengoa Bioenergy’s
acquisition introduces it to one
of the world's major
bioethanol markets with a
2006 annual production of
17,500 million litres.
It is now the only company to
be present in the world's three
major bioethanol markets: the
US, Brazil and Europe.
Following the integration of
Dedini Agro, Abengoa
Bioenergy aims to increase
production levels at the existing
facilities in Brazil, to develop a
new facility, and achieve more
effective international
marketing of the bioethanol
produced in Brazil.
Abengoa Bioenergy will
increase production by using
the cellulosic bioethanol
technology it is developing.