LUXEMBOURG and NEW YORK, NEW YORK, U.S. — Sodrugestvo Group and Grupo Campofert announced on Nov. 14 a multi-faceted partnership agreement in Brazil.

Campofert and Sodrugestvo have agreed to share their storage capacities in all locations and market them jointly to farmers and other market operators. Based in Guaira, Sao Paulo, Brazil, the privately owned Campofert owns and operates 20 storage silos in the states of Sao Paulo, Minas Gerais and Mato Grosso, with a total capacity of 274,000 tonnes. Sodrugestvo, through its Carol-Sodru S.A. joint-venture, owns, leases and operates 28 facilities with a total capacity of 870,000 tonnes in the states of Sao Paulo, Minas Gerais, Goias and Tocantins.

"This partnership with Campofert, a company that has been growing continuously for the last years and has always maintained a perfect reputation, will allow us to continue to improve our storage offering to farmers in the States of Sao Paulo and Minas Gerais, as well as to enter the Mato Grosso market," said Roger Haybittle, chief executive officer of Carol-Sodru S.A. "Our strategy is to continue building such associations with good partners like Campofert whenever possible."

Sodrugestvo will also provide Campofert with a working capital facility to support its soya and corn origination operations in Minas Gerais.