date:Aug 17, 2015
in January to restructure its debt, said in an interview the formal breakup in May was amicable and due to deteriorating credit conditions across Brazils sugar and ethanol sector.
If it werent for our need to generate rapid cash flow to operate, we would still be with Copersucar, Alves said by phone from GVOs mill in Catanduva, one of four it operates in the main cane-producing
Copersucar extends guarantees to its associated mills to help them secure bank loans for operating cash. In exchange,