Cargill Agrees to Buy Plants From Brazil Biodiesel Maker Granol

Cargill Inc., the world’s largest agricultural trader, agreed to buy plants and storage sites from Brazilian biodiesel maker Granol Industria Comercio e Exportacao SA to expand its soybean operations in the South American nation.

The Minneapolis-based firm will gain three soybean processing plants and four storage facilities in the deal with Granol, according to a Monday statementthat didn’t provide terms. Cargill, the largest private company in the US, said the offer is being submitted to Brazil’s antitrust authorities for approval.

The acquisition will expand Cargill’s processing footprint in Brazil, the world’s largest producer and exporter of soybeans, while ...