Cargill, Marex, JDE lost money to fallen Brazilian coffee traders

By Marcelo Teixeira

March 20 (Reuters) - Commodity traders Cargill, Marex, 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 CARG.UL is listed as being owed $18 million. British trader and broker Marex 8UU.F is owed $12.8 million, while Olam OLAG.SI and Louis Dreyfus AKIRAU.UL 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 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 PINE4.SA is owed 154 million reais. The largest share of bank debt is with Brazil's state-controlled Banco do Brasil BBAS3.SA 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)