Glencore Agriculture and Ricolog formed Glen-Rico S.A., a Joint Venture specialized in grain and sugar logistics and storage.

Complementary in the agribusiness chain, both Glencore and Ricolog will benefit from the operational and logistical synergies generated by Glen-Rico.

Glencore will have 90% and Ricolog 10% of the shares of Glen-Rico which, strategically located between Glencore's production units and the port of Paranaguá-PR, will complement the Swiss company's business model in Brazil by providing static capacity of storage and savings in logistical costs for the production flow.

Ricolog will have a modern grain and sugar receiving and storage structure and will benefit from economies of scale, due to the increase in efficiency and volume handled at the terminal.

 

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