March 20 (Reuters) - Commodity traders Cargill, Marex ( MRX ),
Olam and Louis Dreyfus, along with the world's largest coffee
roaster JDE Peet's, are among firms that lost money with the
downfall of Brazilian coffee traders Atlantica and Cafebras,
according to court documents.
A list of creditors seen by Reuters, which was filed with
the Belo Horizonte Civil Court by Atlantica and Cafebras with
their combined request for bankruptcy protection, provides
details of about 2.12 billion reais ($375.05 million) in debt
that brought the two companies down. The traders are both owned
by Montesanto Tavares Group.
U.S.-based trader and food processor Cargill is
listed as being owed $18 million. British trader and broker
Marex ( MRX ) is owed $12.8 million, while Olam and
Louis Dreyfus are owed about $5 million each.
JDE Peet's is owed 16.4 million reais ($2.90 million),
according to the list. The list also includes the largest part
of the debt, which is linked to banks that used to finance the
export business of Atlantica and Cafebras.
Marex ( MRX ) declined to comment. Cargill, Olam, Louis Dreyfus and
JDE Peet's did not respond to Reuters' requests for comments.
Some debt details with banks were disclosed in December when
the coffee traders opened a court-supervised negotiation with
them to try, unsuccessfully, to avoid the bankruptcy filing.
On the list seen by Reuters, the local branch of Spanish
bank Santander is owed 159 million reais ($28.13 million).
Local bank Banco Pine is owed 154 million reais.
The largest share of bank debt is with Brazil's state-controlled
Banco do Brasil at $128 million, plus 83.7 million in
the real currency.
Banco Pine and Banco do Brasil declined to comment.
Santander did not respond to a request for comment.
The Brazilian court has yet to decide on the bankruptcy
protection request.
($1 = 5.6526 reais)