British energy giant bp has announced its intention to acquire the remaining 50% stake in its Brazilian joint venture, bp Bunge Bioenergia S.A., from Bunge Limited. This strategic move will grant bp full ownership of the prominent biofuels producer, a key player in Brazil’s sugarcane and ethanol sector. The deal, valued at approximately $1.4 billion, […]
British multinational oil and gas company, bp plc, has agreed to acquire Bunge Ltd.’s 50% interest in their joint venture, bp Bunge Bioenergia S.A., for an enterprise value of approximately $1.4 billion. This acquisition will position bp as the sole owner of one of Brazil’s leading biofuels-producing companies, significantly enhancing its industrial-scale sugarcane and ethanol […]
