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By Mark Beresford, Contributing Reporter

RIO DE JANEIRO - American agribusiness company Bunge is more than doubling its sugar cane milling capacity in Brazil, by acquiring sugar and ethanol producer Moema for US$452 million in stock.

The deal gives Bunge full ownership of a Brazilian sugarcane mill and interests in five other mills. If Bunge buys out the remaining shareholders in these other mills, the total value of the transaction could be US$1.48 billion, including about . . .

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