Turdus Participacoes, Petroleo Brasileiro SA’s partner in the Total ethanol mill in Brazil’s southeastern Minas Gerais state, is seeking to sell its 53 percent stake, Valor Economico reported.
Turdus hired Credit Suisse Group AG as adviser of the sale, the Sao Paulo-based newspaper said, without saying how it got the information.
Jose Geraldo Ribeiro, a shareholder of Turdus, said the company hired a financial adviser to sell the stake, while declining to name the institution, according to Valor. Credit Suisse declined to comment, Valor said.
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