Tereos have announced the signing of an agreement to purchase the 45.97% stake in Guarani. held by Petrobras, through its subsidiary Petrobras Biocombustível, for a consideration of $202 million.

Through this transaction Tereos, which already held 54.03% of Guarani’s share capital, will increase its stake to 100%, thus becoming the sole shareholder. 
 
Alexis Duval, Chief Executive Officer, issued the following statement: "I am pleased with the agreement we have reached with Petrobras and I want to thank them for their commitment to Guarani alongside us since 2010. This transaction follows Petrobras’ announcement to refocus on its core business of oil and natural gas exploration and production. For Tereos, this acquisition is an opportunity to strengthen its foothold in Brazil, the number one sugarproducing country in the world."

Brazil is the world’s top producer and exporter of sugar, with a market share close to 50% of global exports. This is due to Brazil’s strong competitiveness, the best in the world, which is based on its natural assets, notably its climate and sugarcane technology. 
 
Tereos is the 3rd largest sugar producer in Brazil, through its subsidiary Guarani. In a sugar market experiencing constant growth in emerging countries, this position is a key strategic asset for Tereos.  
 
In 2016/17 crop, Guarani transformed close to 20 million tons of sugar cane to produce 1.6 million tons of sugar, over 630 million liters of ethanol and commercialize more than 1 GWh of bio-electricity to the grid.  
 
Guarani has seven sugar and ethanol factories (Andrade, Cruz Alta, São Jose, Severinia, Mandu, Tanabi and Vertente) and two refineries (Cruz Alta and Andrade) all situated in the state of São Paulo, the best agricultural area in Brazil for sugar cane cultivation. With a strong local presence, Guarani maintains close relationships with more than 1,200 sugar cane growers and producers and valorizes the crops of more than 300,000 hectares of cultivated land. Guarani boasts a fully-mechanized sugar cane planting and harvesting. It is a pioneer in the adoption of new precision agriculture technology. 
 
Guarani’s industrial sites are among the most modern and competitive in the world thanks to ambitious competitiveness and investment programs that have been carried out. In addition to traditional sugar and ethanol production activities, thanks to energy efficiency programs, Guarani has successfully developed a significant capacity of energy sales to the grid.  

Following this acquisition, Tereos announces that Guarani will be renamed Tereos Açúcar e Energia Brasil.

Tereos Starch & Sweeteners Europe

Tereos Starch & Sweeteners processes maize, wheat, potato and cassava to manufacture a wide range of value added products in compliance with the current and future requirements of the food and beverage industry. Tereos Starch & Sweeteners is a major European producer of starch and derivatives: it is the leading producer of glucose syrups and grain alcohol in Western Europe, and a world player in maltodextrins and wheat proteins. The company is dedicated to providing products and services to support the European food & beverage industry in producing safe, high quality, tasty and affordable food and drink products in line with the ever changing daily nutritional needs of consumers in Europe and the rest of the world.