Brazil – Sao Martinho seeks to increase stake in Santa Cruz mill

Sugar and ethanol producer Sao Martinho said it is in negotiation with Luiz Ometto Participacoes to increase its share in the Santa Cruz mill.

Luiz Ometto owns 55.31% of the mill located in Américo Brasiliense, Sao Paulo. Sao Martinho in 2011 purchased a 32.18% stake for BRL55.5 mln.