Brazilian grain trading group Amaggi says in talks to buy Ciapar

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SAO PAULO, Jan 10 (Reuters) - Privately-owned grain trading group Amaggi, owned by the family of Brazilian Agriculture Minister Blairo Maggi, said on Wednesday it is in talks to buy 100 percent of Companhia Agrícola do Parecis.

The acquisition of the Mato Grosso-based grain producer known as Ciapar, which has been approved by Brazil's antitrust authority Cade, still hinges on conditions to be formally closed, Amaggi said in a statement.

Amaggi refused to disclose the value of the potential transaction, which includes the Itamarati Norte farm. That land has 105,000 hectares (259,460 acres) where soy, corn and cotton are produced, according to the statement.

This article appears in: World Markets , Stocks , Commodities

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