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BP plc said it would pay around 100 million reais ($59.8 million) for a 50% stake in Tropical BioEnergia SA, a joint venture established by Brazilian companies Santelisa Vale and Maeda Group. The Brazilian firms would each own 25% of the JV, which will focus on sugarcane production and the...
Posted on April 30, 2008 2:38 PM
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