bp to buy out Bunge’s stake in Bunge Bioenergia in $1.4bn deal
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 […]