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Indofood Agri's JV expands footprint in sugar industry
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Nisha Ramchandani
Published Tue, Jul 3, 2018 · 09:50 PM
Singapore
INDOFOOD Agri Resources' joint venture company, Companhia Mineira de Açúcar e Álcool Participações (CMAA), has invested in a sugar asset in Brazil.
In a filing to the Singapore Exchange on Tuesday morning, Indofood Agri said that CMAA had entered into an arrangement with JFLIM Participações S/A (JFLIM), under which JFLIM will transfer its fully-owned subsidiary, Vale do Pontal Açucar e Alcool Ltda (UVP), to CMAA.
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