RIO DE JANEIRO, BRAZIL - Copersucar, The world's largest sugar and ethanol company, announced on Friday, June 18, that it has finalized the purchase of 50% of Alvean Sugar SL shares owned by Cargill, taking full control of the leading trading company in the global sugar market.
Alvean is specialized in the origination, commercialization, and trading of raw and white sugar globally. With over 14 million tons traded last crop year, Alvean has a global market share of around 20%, Copersucar said.
According to the statement, Alvean will continue as an independent company, with autonomous management and its own governance . . .