Brand of British Petrol BP is seen e at petrol station in Pienkow, Poland, June 8, 2022. REUTERS/Kacper Pempel
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SAO PAULO, Aug 9 (Reuters) – British oil main BP (BP.L) and U.S. commodities dealer Bunge Ltd (BG.N) have put their Brazilian sugar and ethanol three way partnership BP Bunge Bioenergia up on the market, newspaper Valor Economico reported on Tuesday.
The report, citing sources acquainted with the matter, mentioned Abu Dhabi’s Mubadala (MUDEV.UL) and Brazilian vitality firm Raizen SA (RAIZ4.SA) – a three way partnership between Shell (SHEL.L) and Cosan SA (CSAN3.SA) – have been amongst these taken with shopping for the enterprise.
JPMorgan has been employed to advise BP Bunge on the deal, Valor mentioned, including that the corporate’s belongings have been valued at between 9 billion and 10 billion reais ($1.96 billion).
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BP and Raizen declined to remark, whereas Bunge, Mubadala and JPMorgan didn’t instantly reply to Reuters emailed requests for remark.
BP and Bunge’s deal to create the 50-50 three way partnership, managing 11 vegetation with a complete capability to crush 32 million tonnes of sugarcane per yr, was first introduced in 2019.
($1 = 5.1110 reais)
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Reporting by Gabriel Araujo; Modifying by Kirsten Donovan
Our Requirements: The Thomson Reuters Trust Principles.
