Home / Daily Briefs / 2022 / 10 / Bunge wants out of ethanol JV in Brazil

Bunge wants out of ethanol JV in Brazil

Bunge wants out of ethanol JV in Brazil

August 10, 2022 | Thierry Ogier
BP is also reported to be interested in selling its stake in BP Bunge Bioenergia

Corporate & Sovereign Strategy Equity M&A Brazil United Kingdom United States Capital Markets Energy ESG Biofuels

US agribusiness Bunge has said it intends to sell its 50% stake in the Brazilian sugar and ethanol joint venture BP Bunge Bioenergia as unconfirmed reports circulate that British oil company BP wants to offload the other half. "Bunge continues to assess options to exit our participation in our sugar and bioenergy joint venture. While we are pleased with how the business is performing, it is not core to our overall business strategy," the US company said in a press release. Bunge has hired US inv

Already have an account?

    Forgot your password?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial