UPDATE 1-Cargill fund to buy two Brazil plants from Abengoa Bioenergia

(Adds Abengoa comment)

SAO PAULO/BRASILIA, June 14 (Reuters) - Food processor and commodities trader Cargill Inc has agreed to buy two cane processing plants from Brazilian biofuels firm Abengoa Bioenergia SA for $80 million, a Brazilian newspaper reported on Thursday.

Cargill’s CarVal fund will acquire the plants in Sao Paulo state from Abengoa Bioenergia, which is in bankruptcy protection and is a unit of Spain’s Abengoa SA, according to O Estado de S. Paulo. The deal will not be finalized until contracts are signed, the newspaper said.

Abengoa said in a statement there were third parties interested in buying its subsidiary’s assets, but “no transfer of assets occurred so far.”

Abengoa and Cargill did not immediately respond to requests for comment. (Reporting by Jose Roberto Gomes and Jake Spring Editing by Jeffrey Benkoe and Bernadette Baum)