Biodiesel and Ethanol Investing

CNN Money reports that Brazilian sugar and ethanol group Cosan Industria e Comercio SA said that it has purchased 83 service stations from Petrosul. A price for the transaction was not disclosed, but analysts had pegged the purchase price at about $40.1 million. The deal will increase Cosan’s presence in the south and southeast markets, creating synergies with the company’s service stations and ethanol mills. The deal with Petrosul includes only the 83 service stations.