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July 5 (Reuters) - Sao Martinho SA <SMTO3.SA>::BRAZIL'S SAO MARTINHO, RAIZEN TO ACQUIRE BIOLOGICAL ASSETS OWNED BY USINA ACUCAREIRA FURLAN- FILING.BRAZIL'S SAO MARTINHO, RAIZEN TO BECOME RESPONSIBLE FOR SUPPLYING 1 MILLION TONNES OF SUGAR CANE IN THE REGION- FILING.SAO MARTINHO, RAIZEN TO PAY 118 MILLION REAIS FOR ASSETS OWNED BY USINA AÇUCAREIRA FURLAN - FILING.
* Brazil's sugar and ethanol producer São Martinho <SMTO3.SA> said 2017/18 center-south cane crush could be smaller than expected due to above-average rains, according to Chief Executive Officer Fabio Venturelli:* Sao Martinho's Venturelli says crushing days lost to rains could extend crop; might avoid crushing all available cane.* Sao Martinho's CEO says center-south sugar output in 2017/18 to reach 35 million tonnes "at the most;" could be as low as 34.5 million tonnes.* Sao Martinho's CEO says there are no fundamentals behind recent drop on sugar prices; expects reaction led by commercial buying.* Sao Martinho's CEO says Brazil sugar producers would stay out of the market if sugar prices hover around 13 cents per pound, which equals their production costs .
Sao Martinho SA <SMTO3.SA>: Announced on Tuesday that it would propose to pay dividends totalling 55.4 million Brazilian reais ($17.0 million), corresponding to 0.4914 real per share . Dividend payment on August 15 . Dividend record date is July 29 . Ex-dividend as of August 1 .To propose share capital increase of 133.6 million reais to 1.06 billion reais from 931.3 million reais, without new shares issue, through capitalization of investment reserve.
Sao Martinho SA:Says on Aug. 14 it will pay dividend totaling 67.9 million Brazilian reais, or 0.601 reais per share.Record date on July 31.Ex-dividend as of Aug. 3.
Sao Martinho SA:Says on July 31 it will deliberate on the proposal of dividend payment totaling 67.9 million Brazilian reais, or 0.602 reais per share.Payment date Aug. 14.Record date on July 31.Ex-dividend as of Aug. 1.
Sao Martinho SA:Says it has canceled plans for construction of a plant in joint venture with Amyris Inc and Amyris Brasil Ltda.Says that certain conditions for the project had not been met.In case there will be no new agreement, the contracts between the companies will be automatically terminated on Aug. 31.
Sao Martinho SA:Announces to the market the guidance of production to 2015/2016 harvest.Crushing at 19.5 million tons; Sugar 1.295 million tons; Anhydrous 423,000 tons; Hydrous 304,000 tons; Cogenetarion 733,000 tons.Total TRS Produced 2,609.
Sao Martinho SA:Announces development of real estate project in Sao Paulo State through a consortium with Alphaville Urbanismo.Project has a general sales value priced at 277 millions Brazilian reais.Project divided in 3 phases, first from 2016.As part of the partnership, Vale do Mogi Empreendimentos Imobiliarios (subsidary company), will concede 124.09 hectares of land, while Alphaville will be responsible for the elaboration and approval of the project, execution, coordination, marketing and commercialization.
Sao Martinho SA:Says on Aug. 8, following approval from CADE on July 23, it concluded transaction with Luiz Ometto Participacoes SA (LOP) and other controlling shareholders of Santa Cruz SA Acucar e Alcool (SC).The company acquired additional stake in SC from LOP and other shareholders reaching a 92.14 percent stake, from a 36.09 pct stake, in the share capital of SC for the price of 315.8 million Brazilian reais.It also sold its entire stake in Agro Pecuaria Boa Vista SA (APBV) to LOP for 195.9 million reais and signed lease contract for sugar cane between SC and APBV for the period of 20 years.
Sao Martinho SA:Appoints on July 31 Felipe Vicchiato Chief Financial Officer.
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