CORRECTED: BP Bunge Bioenergia rules out BSBios bid for now

CORRECTED: BP Bunge Bioenergia rules out BSBios bid for now

M&A Corporate & Sovereign Strategy Brazil US Europe

This article has been corrected to attribute remarks in the sixth and eighth paragraph to market sources, not a company spokesperson. BP Bunge Bioenergia, a joint venture between BP and Bunge, is not considering a bid for BSBios, the biofuels business that Brazil's state-owned oil Petrobras has put up for sale, a company spokesperson said. Petrobras called for binding offers for BSBios late last month, and analysts pointed to BP Bunge Bioenergia and Raízen, a joint venture between Shell and Cosa

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