Bunge to sell 50% stake in BP Bunge Bioenergia JV for ~$800M

Bunge Global SA

Bunge will sell its 50% interest in the BP Bunge Bioenergia JV to BP for an estimated net $800M.
The JV produces sugar, ethanol, and electric power from sugarcane in Brazil.
Closing expected in Q4 2024, subject to customary conditions and regulatory approvals.
Final consideration depends on timing of closing and customary adjustments.

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