Dreyfus speeds up negotiations with Biosev's creditors
The French Louis Dreyfus Company (LDC) has moved forward with negotiations with creditor banks of sugar-and-ethanol company Biosev in recent weeks to roll over debts and conclude the sale of the company to Raízen, a joint venture between Cosan and Shell. LDC offered guarantees for the portion of the indebtedness that will not be paid off by the buyer, a source says. In early February, Raízen agreed to...
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