Bunge Announces Sale of its Ownership Share in its Sugar and Bioenergy Joint Venture in Brazil
Bunge Limited Common Shares (BG)
Last bunge limited common shares earnings: 2/12 06:00 am
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Source: Business Wire
ST. LOUIS--(BUSINESS WIRE)--Bunge Global SA (NYSE:BG) has entered into definitive agreements to sell its 50% share in BP Bunge Bioenergia to bp, its joint venture partner. BP Bunge Bioenergia, a joint venture formed in 2019, combined both companies’ Brazilian bioenergy and sugarcane ethanol businesses with a total of 11 mills located across the Southeast, North and Midwest regions of Brazil. At closing, which is expected to happen in the fourth quarter of 2024, bp will own 100% of the business.Bunge’s Chief Executive Officer Greg Heckman commented: “We are pleased with the way the business is operating and the great work the team has done to become a leader in sugar and bioenergy since we created this joint venture with bp. However, this business is not core to Bunge’s long-term strategy and this transaction will allow us to focus and invest in our core businesses while also further strengthening our balance sheet. bp has been a valued partner to Bunge, and we wish them and the te
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Sec Filings
- 6/24/24 - Form 8-K
- 6/18/24 - Form 11-K
- 6/18/24 - Form 11-K
- BG's page on the SEC website