Glencore Agriculture’s Acquisition of Unialco sugar mill


Mundie Advogados, Carreto Pereira Advogados, Thomaz Bastos, Waiseberg, Kurzweil, Tepedino Migliore e Rocha Sociedade de Advogados, Santos Neto Advogados and Pereira Neto Macedo have advised on the deal

Glencore Agriculture Ltd has completed the acquisition of the industrial and agricultural assets (other than farm land) of Unialco sugar mill (“Unialco Mill”), located in the municipality of Guararapes, in the State of São Paulo, Brazil.

Glencore Plc presented in November the highest bid in an auction for the sale of a distressed Brazilian sugar mill.

Strategically located in a traditional sugarcane growing region of Centre South Brazil, Unialco will complement Glencore Agriculture’s existing sugar operations in the country, allowing for operating and marketing synergies between the assets.

Unialco has a nominal crushing capacity of 2.5 mio mt per annum and is capable of producing over 200,000 mt of sugar and up to 80,000 cbm of ethanol per annum. This will add to the 3.3 mio mt per annum crushing capacity at the Rio Vermelho sugar mill and up to 340,000 mt of sugar, 100,000 cbm of ethanol and 250,000 MWh of surplus electricity exported to the local grid.

Mundie Advogados has advised Glencore Agriculture Limited with Thiago Elias (Picture) and Paulo Calandrino.

Carreto Pereira Advogados Asociados has advised Unialco Açúcar e Álcool S/A with Dirceu Carreto.

Thomaz Bastos, Waiseberg, Kurzweil Advogados has advised Unialco Açúcar e Álcool S/A with Joel Thomaz Bastos, Ivo Waisberg, Bruno Kurzweil de Oliveira, Herbert Morgenstern Kugler, Thais Francesconi, João Ricardo Pacca, Guilherme Gumier Motta, Helena Sampaio Galvani and Lais Nicole Luizetti.

Tepedino Migliore e Rocha Sociedade de Advogados has advised Banco Itau, Bradesco and Banco Votorantim with Bruno Poppa.

Santos Neto Advogados has advised ING Bank with Domício dos Santos Neto.

Pereira Neto Macedo Advogados has advised Santander Bank with Bernardo Carneiro.

Involved fees earner: Dirceu Carreto – Carreto Pereira Advogados; Bruno Poppa – Tepedino, Migliore e Berezowski; Joel Luís Thomaz Bastos – Thomaz Bastos, Waisberg, Kurzweil; Ivo Waisberg – Thomaz Bastos, Waisberg, Kurzweil; Bruno Kurzweil de Oliveira – Thomaz Bastos, Waisberg, Kurzweil; Herbert Morgenstern Kugler – Thomaz Bastos, Waisberg, Kurzweil; Bernardo de Albuquerque Maranhão Carneiro – Pereira Neto and Macedo; Paulo Inácio Calandrino – Mundie e Advogados; Thiago Luis Carballo Elias – Mundie e Advogados; Domício dos Santos Neto – Santos Neto;

Law Firms: Carreto Pereira Advogados; Tepedino, Migliore e Berezowski; Thomaz Bastos, Waisberg, Kurzweil; Pereira Neto and Macedo; Mundie e Advogados; Santos Neto;

Clients: Glencore; ING Bank; Banco Santander Sa; Banco Bradesco BBI S.A.; Banco Votorantim; Banco Itaú; Unialco Açúcar e Álcool S/A ;

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Author: Ambrogio Visconti.