São Martinho, Cosan and Santa Cruz Announce
the Acquisition of Usina Santa Luiza
São Paulo, April 12, 2007 – São Martinho S.A. (Bovespa: SMTO3), COSAN S.A. Indústria e
Comércio (Bovespa: CSAN3) and Santa Cruz S.A. Açúcar e Álcool announce today the
acquisition of Usina Santa Luiza S/A.
The acquisition was carried out through Etanol Participações S/A, a holding company formed by:
Usina São Martinho S/A (a wholly-owned subsidiary of São Martinho S/A), COSAN S.A.
Indústria e Comércio, and Santa Cruz S/A Açúcar e Álcool, with respective interests of 41.67%,
33.33% and 25.00%, whose management model will be implemented on a joint basis, with
representatives of each shareholder on the Board of Directors and the Executive Board.
The value of the acquisition, totaling R$ 179.3 million, was paid in cash, with São Martinho being
responsible for R$ 74.7 million, COSAN for R$ 59.8 million and Santa Cruz for R$ 44.8 million. In
addition, Etanol Participações S/A will assume R$ 40.4 million in net financial debt.
Usina Santa Luiza is located in the municipality of Motuca, in the state of São Paulo. It has an
annual sugarcane crushing capacity of 1.8 million tonnes, explores 19,000 hectares of cane
plantations on leased land and acquires 200,000 tonnes of cane per year from suppliers.
Currently, these areas have a mechanization ratio of 60%, but can reach 100%. It is also worth
noting that Usina Santa Luiza is located close to the São Martinho, Bonfim (that belongs to
COSAN) and Santa Cruz mills, generating significant operational synergies for the purchasing
consortium.
At the same time, the same companies in the same proportions acquired Agropecuária
Aquidaban, which produces 1.5 million tonnes of sugar cane per year, for R$ 59.8 million.
Contact – Investor Relations
São Martinho S.A.
João Carvalho do Val, CFO and Investor Relations Officer
Denise Araújo Francisco, Financial Manager and Investor Relations Officer
Felipe Vicchiato, Investor Relations Coordinator
Phone: +5511 2105-4100
Email: [email protected]
IR Website: www.saomartinho.ind.br/ri
COSAN S.A. Indústria e Comércio
Paulo Diniz, CFO and Investor Relations Officer
Guilherme Prado, Investor Relations Manager
Phone: +5511 3897-9797
Email: [email protected]
IR Website: www.cosan.com.br/ri
Santa Cruz S.A. Açúcar e Álcool
Maurício Ometto, Officer
Gustavo Henrique Rodrigues, Financial and Management Manager
Phone: +5516 3393-9002
E-mail: [email protected]
Website: www.usinasantacruz.com.br
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About São Martinho
São Martinho S.A. is one of the largest producers of sugar and ethanol in Brazil. The Company’s
current crushing capacity is of 10.3 million tonnes/year and by concluding the first phase of the
construction of Boa Vista Mill, its third unit; the Company will increase its capacity by 3 million
tonnes/year until 2010/11.The Company currently conducts its sugar and ethanol operations
through its two mills, Iracema and São Martinho, and has recently acquired a 42% stake in Santa
Luiza Mill. For further information, please visit www.saomartinho.ind.br
About COSAN
COSAN is one of the largest producers of sugar and ethanol in the world. With a crushing capacity
of around 40 million tonnes of sugar cane, the Company holds approximately 10% of the local
market . For further information, please visit www.cosan.com.br
About Santa Cruz
Santa Cruz S.A. Açúcar e Álcool has a 60-year track record in the sugar and ethanol market, and
is currently among the 20 largest such producers in Brazil. It has an annual sugarcane processing
capacity of 3.5 million tonnes. Recently, Santa Cruz acquired 25% of Usina Santa Luiza. For
further information, please visit www.usinasantacruz.com.br
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