Brazil’s competition regulator CADE approved Japanese trader Sumitomo Corp’s planned acquisition of a minority stake in Cosan Biomassa SA, a Brazilian producer of sugarcane pellets for generating electric power.
Sumitomo announced its intention to buy up to 20% of shares in Cosan Biomassa. The move is part of a strategic collaboration for the development of the sugarcane pellet business with the target’s owner — sugar and ethanol producer Cosan SA Industria e Comercio.
The Brazilian firm has developed a fuel pellet made from sugarcane residues. With the help of Sumitomo, it will raise its exports to Japan and Europe, while also increasing sales at home. The business aims to produce 2 million tonnes of sugarcane pellets by 2025.
Full Content: Renewables
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Belgian Authorities Detain Multiple Individuals Over Alleged Huawei Bribery in EU Parliament
Mar 13, 2025 by
CPI
Grubhub’s Antitrust Case to Proceed in Federal Court, Second Circuit Rules
Mar 13, 2025 by
CPI
Pharma Giants Mallinckrodt and Endo to Merge in Multi-Billion-Dollar Deal
Mar 13, 2025 by
CPI
FTC Targets Meta’s Market Power, Calls Zuckerberg to Testify
Mar 13, 2025 by
CPI
French Watchdog Approves Carrefour’s Expansion, Orders Store Sell-Off
Mar 13, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Self-Preferencing
Feb 26, 2025 by
CPI
Platform Self-Preferencing: Focusing the Policy Debate
Feb 26, 2025 by
Michael Katz
Weaponized Opacity: Self-Preferencing in Digital Audience Measurement
Feb 26, 2025 by
Thomas Hoppner & Philipp Westerhoff
Self-Preferencing: An Economic Literature-Based Assessment Advocating a Case-By-Case Approach and Compliance Requirements
Feb 26, 2025 by
Patrice Bougette & Frederic Marty
Self-Preferencing in Adjacent Markets
Feb 26, 2025 by
Muxin Li