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Infinity snaps up two new plants

SAO PAOLO (Bloomberg) - Infinity Bio-Energy Ltd., the owner of sugar and ethanol mills in Brazil, said it bought control of two more plants in the country from Disa Overseas LLC in a transaction valued at $75 million.

The two mills in the southeastern state of Espirito Santo will have the capacity to process 3.3 million metric tons of sugar cane after an expansion, Bermuda-based Infinity said yesterday in a filing with Brazil's securities regulator. Infinity said it plans to invest an additional $35.8 million in the expansion.