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Petrobras sells sugar, ethanol and petrochemical assets for US$587 million

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Guarani is one of the leading companies in the Brazilian sugar and ethanol market, ranked third among the largest sugar producers in Brazil. PetroquímicaSuape and Citepe are fully-owned subsidiaries of Petrobras and form part of the company’s Chemical-Textile Industrial Complex in Ipojuca, in the state of Pernambuco.