Bunge’s Ownership Share Sale is a part of broader strategy
St. Louis, MO – October 1, 2024: Bunge’s Ownership Share Sale of its 50% stake has been completed in the BP Bunge Bioenergy joint venture to BP. With this sale, BP now holds full ownership of the business, continuing its commitment to advancing bioenergy solutions in Brazil. This deal marks a strategic shift for Bunge as it sharpens its focus on its core operations.
Bunge and BP Move Forward
Bunge, a global leader in oilseed processing and plant-based oils, originally partnered with BP to strengthen bioenergy production in Brazil. Now, with BP taking full control of BP Bunge Bioenergy. Bunge Completes Ownership Share Sale, reinforcing its goal to focus on connecting farmers to consumers through food, feed, and fuel solutions.
Hans Olav Raen, CEO of Bunge, stated, “The sale of our 50% share aligns with our strategy to concentrate on our core strengths in the global market.” This sale allows Bunge to concentrate on its existing agricultural and processing business, with a presence in over 40 countries.
Strategic Focus for the Future
Bunge’s Ownership Share Sale is a part of broader strategy to streamline its operations. With its headquarters in St. Louis and registered office in Geneva, Bunge employs approximately 23,000 people worldwide and operates across 300 facilities. The company remains focused on sustainability and innovation in the global food chain.
For further details, visit Bunge’s official website (https://www.bunge.com) for investor information, or follow their updates on the ‘Investor Center‘ section. The company encourages stakeholders to stay informed about its developments in agriculture and sustainability.
This sale positions Bunge to continue leading in oilseed processing while BP takes a larger role in bioenergy development.
