Bunge wants out of ethanol JV in Brazil

Bunge wants out of ethanol JV in Brazil

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

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