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BP reportedly bids for Brazil’s Cerradinho Group

BP PLC has bid $466 million for a 50% stake in Brazil ethanol maker Cerradinho Group as the oil major looks toward increasing its biofuel offerings, according to published reports. BP PLC’s /quotes/comstock/13*!bp/quotes/nls/bp (BP 43.60, +0.61, +1.42%) bid faced a

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