RIO DE JANEIRO, BRAZIL - São Paulo-based Raízen, the third-largest Brazilian energy company by revenue, announced Tuesday (10) that it had acquired a 50% stake in Barcos y Rodados (B&R), the largest fuel distributor in Paraguay, for US$130 million. The deal will pay US$40 million at closing and US$90 million in five annual installments.
An agreement will be signed between Raízen and the current shareholders, providing that . . .
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