LONDON (dpa-AFX) - Bunge Global SA (BG) on Thursday entered into definitive
agreements to sell its 50% share in BP Bunge Bioenergia to British energy major
BP plc (BP.L, BP_UN.TO, BP), its joint venture partner.

BP Bunge Bioenergia, a joint venture formed in 2019, combined both companies'
Brazilian bioenergy and sugarcane ethanol businesses with a total of 11 mills
located across the Southeast, North and Midwest regions of Brazil.

This second and final monetization event of Bunge's ownership in the business is
expected to yield net proceeds close to $800 million, depending on timing of
closing and customary closing adjustments.

The closing of the transaction is subject to customary conditions, including
receipt of required regulatory approvals. At closing, which is expected to
happen in the fourth quarter of 2024, BP will own 100% of the business.



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