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Loan for Acquisition of Shares of CANTAGALO GENERAL GRAINS S.A. and CGG TRADING S.A. in Brazil
Supporting Overseas M&A Activities of Japanese Companies

  • Region: Latin America and the Caribbean
  • Manufacturing and Services
  • Overseas Investment Loans

March 31, 2014
  1. The Japan Bank for International Cooperation (JBIC; Governor: Hiroshi Watanabe) signed today a loan agreement totaling up to USD94 million (JBIC portion) with Sojitz Corporation (Sojitz) to finance part of the funds necessary for its two wholly-owned Brazilian subsidiaries, to respectively acquire shares of CANTAGALO GENERAL GRAINS S.A. and CGG TRADING S.A.. Those companies are engaged in agriculture, grain collection, and agricultural produce exports. The loan is cofinanced with The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Bank, Ltd. and Nippon Life Insurance Company.
     
  2. With acquisition of their equity stakes, Sojitz intends to strengthen its agricultural business base by obtaining the right of preferential purchase of grains, including soybeans, corn and wheat, and business resources such as global procurement and sales networks. These acquisitions represent overseas investments in the agricultural sector promoted by the Basic Law on Food, Agriculture and Rural Areas Basic Act (legislated in 1999), among others, and is compatible with Japanese food policy.
     
  3. This loan is intended to support overseas business deployment in agribusiness of Sojitz, which has the policy of contributing to the stabilization of food resource acquisition and supply in Japan and Asia by internalizing the grain supply chain from agriculture and grain collection to exports. Thus this loan supports the overseas business deployment of a Japanese company by providing necessary long-term funds for its overseas M&As, thereby upholding its business expansion as well as new business development and contributing to maintaining and strengthening the international competitiveness of Japanese industries.
     
  4. As Japan's policy-based financial institution, JBIC will continue to support overseas M&A activities of Japanese companies in cooperation with private financial institutions.

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