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Bunge to step up monitoring of soy suppliers in Brazil s Cerrado biome

2 Min Read SAO PAULO, March 3 (Reuters) - The Brazilian unit of Bunge Ltd is launching an effort to make sure that soybean growers in the Cerrado area who indirectly supply the company are producing their crops in an environmentally responsible way, according to a statement on Wednesday. The Cerrado biome is a vast tropical savanna or biodiversity hot spot where the bulk of Brazil’s oilseeds are planted. The company said the move involves guiding grain resellers to implement “chain verification systems,” which include the use of satellite imaging to track the origin of the grains. “Resellers will be able to adopt independent imaging services or use Bunge’s geospatial monitoring structure, free of charge,” the statement said.

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Bunge to step up monitoring of soy suppliers in Brazil s Cerrado biome

Bunge to step up monitoring of soy suppliers in Brazil s Cerrado biome
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UPDATE 1-Brazil retailers B2W and Lojas Americanas study combining operations

Gram Slattery (Adds information on structure of deal and companies) RIO DE JANEIRO, Feb 19 (Reuters) - Brazilian retailer Lojas Americanas SA and e-commerce company B2W Cia Digital SA are considering merging their operations, the companies said in separate securities filings on Friday. Lojas Americanas already controls B2W with a 62.5% stake, but has a smaller market capitalization, 41.6 billion reais as of market close on Friday, while B2W closed at 46.6 billion reais ($8.66 billion). The two companies have for months been announcing measures to create a so-called omnichannel experience, allowing customers to leverage both B2W’s e-commerce platforms and Lojas Americanas’ brick-and-mortar presence simultaneously.

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CORRECTED-UPDATE 1-Blackstone-backed Patria eyes expansion in Latam, Asia

(Corrects name of Patria partner in fifth paragraph) SAO PAULO, Jan 22 (Reuters) - Brazilian asset manager Patria Investments Ltd, whose shareholders include Blackstone Group Inc, plans to use the proceeds of its $588 million initial public offering partly to expand in new emerging markets, executives said on Friday. Patria raised $326 million in the IPO and shareholders selling stakes will receive $262 million. Blackstone, which acquired a 40% stake in Patria ten years ago, will reduce its stake to 14%. Shares of Patria - which manages more than $14 billion in private equity, credit, real estate and infrastructure funds - were up 23% in their trading debut on Friday in late afternoon.

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Goal of no deforestation next year in Brazil savanna unfeasible -soy association

12/15/2020 By Ana Mano SAO PAULO, Dec 15 (Reuters) - Setting 2020 as a cut-off date to ban new deforestation and land conversion for soybean areas in Brazil s Cerrado savanna is not feasible, André Nassar, head of the country s oilseeds crushers group, Abiove, said on Tuesday. He was responding to a letter from a group of international companies, which urged major commodities traders to stop supplying soy linked to deforestation from the Cerrado, a vast savanna region and vital carbon storehouse. For years, trading companies have discussed with European customers and NGOs ways to guarantee zero-deforestation in supply chains, Nassar said. But such debate has always pitted

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