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Trafigura joins forces with Alcotra, a leading ethanol trading
company
December 5th, 2007: Trafigura Beheer B.V., the international commodities
trading company, today announces it has entered into an agreement
with the shareholders of Alcotra S.A., a Swiss-based leading ethanol
trading company. Under this agreement Trafigura and its affiliated
companies will own a 35% stake in Alcotra.
This transaction reinforces Alcotra’s strong presence in the
fuel ethanol global market through Trafigura’s world-wide
presence and state of the art infrastructure. Trafigura will regroup
its ethanol products activities within Alcotra, who shall become
the exclusive supplier of fuel grade ethanol to Trafigura.
This alliance opens bright prospects for both companies to secure
a leading position within the context of a growing ethanol market
globally, given the increasing interest and use of alternative and
more environmentally friendly fuels. In addition, the logistics
synergies brought by this alliance will result in cost reductions
and added value to Alcotra’s customers.
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