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Agrenco bids to raise $65m from share issue

SAO PAULO, BRAZIL (Bloomberg) - Agrenco Ltd., which last week had three executives arrested by Brazilian police for possible money laundering, plans to raise up to $65 million in a private placement of shares. The agriculture and biofuels company plans to sell at least 77.4 million new shares, Bermuda-based Agrenco said in a filing on the Brazilian securities regulator website.