Infinity Bio-Energy Pulls Out Of Sugar Deal

The Jamaican government has failed to reach a deal with Infinity Bio-Energy of Brazil over the sale of the country's state-owned Sugar Company of Jamaica (SCJ). The deal broke down after Infinity Bio-Energy struggled to arrange financing following the decline in global credit conditions. In addition, the global economic slowdown and falling oil prices has put downward pressure on ethanol prices making the acquisition look less attractive.

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