The company said its wholly owned subsidiary Bunge Brasil Holdings B.V. completed the sale of its 50% stake in BP Bunge Bioenergia, a joint venture with bp, to BP Biofuels Brazil Investment Limited on October 1, 2024.

1. 01

   The company said its wholly owned subsidiary Bunge Brasil Holdings B.V. completed the sale of its 50% stake in BP Bunge Bioenergia, a joint venture with bp, to BP Biofuels Brazil Investment Limited on October 1, 2024.

2. 02

   Bunge said the consideration totals an approximate net amount of $828 million, including certain closing adjustments for net working capital and net debt value.

3. 03

   The company said the final net consideration may be subject to certain adjustments within 90 days of the closing date, as set out in the share purchase agreement.

4. 04

   The company described the joint venture as formed to cultivate sugar cane, produce and sell sugar and sugar ethanol, and carry out power cogeneration activities. It said the completed sale leaves bp owning 100% of the business.

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