Bunge sells 50% stake in BP Bunge Bioenergia JV for ~$828M net

Bunge Global SA

Sold 50% ownership in BP Bunge Bioenergia (sugar/ethanol JV) to BP affiliate for approx. $828M net.
Consideration subject to closing adjustments for net working capital and net debt; final amount within 90 days.
JV engaged in sugarcane cultivation, sugar/ethanol production, and power cogeneration.
Transaction closed October 1, 2024; Bunge exits the joint venture entirely.
Proceeds from sale expected to be used for general corporate purposes.

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