Global Infrastructure SherpaVibra Energia and Copersucar form JV for ethanol commercialization
Vibra Energia and Copersucar formed a joint venture for the commercialization of ethanol. The JV aims to leverage the expertise of both companies to enhance ethanol distribution and sales in Brazil.
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When the deal is approved by the regulatory authorities, the two partners will contribute R$ 400 million to the new company, in parts proportional to the ownership of each one. Vibra handles between 6 billion to 6.5 billion liters of ethanol per year, while Copersucar handles 4.5 billion to 5 billion liters between its associated plants. The deal is subject to approval by CADE (the administrative council for economic defense) and ECE registration with ANP (the national agency for petroleum, natural gas, and biofuels).
"Vibra Energia (formerly BR Distribuidora) and Copersucar established a partnership to operate together selling ethanol through a joint venture."
"Vibra Energia (formerly BR Distribuidora) and Copersucar established a partnership to operate together selling ethanol through a joint venture."
"The distributor will buy 49.99% of the shares of the Ethanol Trading Company (ECE) of Copersucar for R$4.999 million"