BP plc (BP) has announced its agreement to acquire Bunge's 50% stake in their joint venture, BP Bunge Bioenergia S.A., solidifying BP’s control over one of Brazil’s top biofuel-producing companies. This strategic acquisition, valued at approximately $1.4 billion, marks a pivotal step in BP's efforts to expand and optimize its bioenergy portfolio. Strengthening Biofuels Operations The acquisition will allow BP to fully integrate BP Bunge Bioenergia into its operations, leveraging its trading and technology c ...