Bunge Global (BG) to Sell Its 50% Stake in BP Bunge Bioenergia

Bunge Global SA (BG) announced that it signed a deal with its joint venture partner, BP plc (BP) , to sell its 50% share in BP Bunge Bioenergia. As a result of this deal, the company will no longer have any interest in its bioenergy and sugarcane ethanol businesses in Brazil. This move is expected to help BG focus on its core businesses. Bunge and BP created the joint venture, BP Bunge Bioenergia, in 2019 by merging the two companies' Brazilian bioenergy and sugarcane ethanol businesses. It operates 11 mill ...