UPDATE 1-Cargill fund to buy two Brazil plants from Abengoa Bioenergia

(Adds Abengoa comment) SAO PAULO/BRASILIA, June 14 (Reuters) – Food processor and commodities trader Cargill Inc has agreed to buy two cane processing plants from Brazilian biofuels firm Abengoa Bioenergia SA for $80 million, a Brazilian newspaper reported on Thursday. Cargill’s CarVal fund will acquire the plants in Sao Paulo state from Abengoa Bioenergia, which is in bankruptcy protection and is a unit of Spain’s Abengoa SA, according to O Estado de S.
Paulo. The deal will not be finalized until contracts are signed, the newspaper said.
Abengoa said in a statement there were third parties interested in buying its subsidiary’s assets, but “no transfer of assets occurred so far.” Abengoa and Cargill did not immediately respond to requests for comment.
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