To: Cogito Ergo Sum who wrote (53054 ) 9/16/2004 7:53:49 AM From: elmatador Respond to of 74559 Look this nice schem for two companies avoid taxes. Or was there any Foreign Direct Investment in Brazil? 1) Sept. 2nd: Cargill buys Seara, a Brazilian food company for USD130 million. 2) Sept. 16th: Gerdau, a Brazilian majority company with operations in Canada, buys a Cargill company for USD266million. See how it works: Gerdau pays for Seara with Brazilian Real. Cargill is now owing Gerdau USD130 million. It pays Gerdau with its wire rod business and Gerdau puts the additonal USD136 on top. Press releases: Cargill plans purchase of Seara Alimentos SA Seara is a leading Brazilian poultry and pork processor. 02/09/2004 Cargill has announced that it has reached an agreement to acquire a majority share of Seara Alimentos SA, a major Brazilian branded poultry and pork processor. The transaction is subject to approval by regulatory authorities. Cargill to sell Memphis wire rod plant The Duluth News Tribune reports Monday that Cargill will sell its plant in Memphis as part of a sale of the company's North Star Steel unit for about $266 million. North Star Steel includes large plants, called mini-mills, in Duluth and St. Paul, Minn., Wilton, Iowa; Calvert City, Ky., and Beaumont, Texas. In Memphis the company operates a wire rod processing plant, along with similar plants in Beaumont and Carrolton, Texas. North Star Steel also operates a grinding ball plant in Duluth. Cargill will sell the division to Gerdau Ameristeel Corp. of Canada in a deal valued at about $266 million, according to the Tribune. The deal is expected to go through by year end. The four North Star mini-mills will join with Gerdau's 11 mills in Pennsylvania, Florida, Kentucky, North Carolina, Tennessee, Georgia and New Jersey, and the firm's three Canadian mills in Ontario and Manitoba.