Wednesday, March 10, 2010

Grupo Bertin Acquires Infinity Bio-Energy

Ethanol Company Infinity Bio-Energy Acquired

Grupo Bertin has acquired a 71 percent stake in Infinity Bio-Energy LTD., a sugar and ethanol producer based in Brazil. The amount of the deal wasn't disclosed.

One particular term of the deal that was revealed is Infinity will issue new shares to Bertin as a part of the acquisition.

At this time Infinity owns five mills in Brazil, although it has struggled since its inception like many ethanol companies.

Grupo Bertin has no experience in the ethanol sector, as it is a consumer products and construction company, making one wonder why they are doing it. The price had to have been extremely low for them to enter into the risky venture with Infinity.

No comments: