Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Bunge Ltd    BG   BMG169621056

BUNGE LTD

(BG)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Bunge, BP to Form Brazil Bioenergy Venture

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/22/2019 | 07:12am EDT

By Colin Kellaher

Bunge on Monday said it agreed to form a joint venture with BP PLC to create the second-largest bioenergy company in Brazil in terms of effective crushing capacity.

Bunge said it will receive cash proceeds of $775 million in the deal, including $700 million in respect of nonrecourse Bunge debt to be assumed by the venture and $75 million from BP.

The White Plains, N.Y., agribusiness company said the venture, to be called BP Bunge Bioenergia, will operate on a stand-alone basis and have 11 mills in Brazil. The venture will have 32 million metric tons of combined annual crushing capacity and the flexibility to produce a mix of ethanol and sugar, the company said.

Bunge said it will no longer consolidate its sugar and bioenergy operations in Brazil in its consolidated financial statements, instead accounting for its interest in the venture under the equity method.

Bunge said it will use proceeds from the transaction, which it expects to complete in the fourth quarter, to reduce debt, resulting in a stronger balance sheet and greater financial flexibility.

Write to Colin Kellaher at colin.kellaher@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BP PLC 1.16% 495.75 Delayed Quote.-1.16%
BUNGE LTD 1.90% 48.925 Delayed Quote.4.04%
BUNGE LTD 1.95% 54.87 Delayed Quote.2.68%
LONDON SUGAR 0.64% 314.6 End-of-day quote.-5.81%
WTI 0.53% 55.44 Delayed Quote.20.64%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on BUNGE LTD
08/19BUNGE LTD : Ex-dividend day for
FA
08/16EXCLUSIVE : China set to deepen Argentine trade ties with bid for grains 'superh..
RE
08/13BUNGE LTD : Costs Associated with Exit or Disposal Activities, Other Events (for..
AQ
08/05BUNGE : Declares Dividends on Common and Preference Shares
AQ
08/02BUNGE LIMITED : Declares Dividends on Common and Preference Shares
PR
08/02Wet Weather Poses Costly Challenge for Agribusinesses -- WSJ
DJ
08/01GRAIN HIGHLIGHTS : Top Stories of the Day
DJ
08/01LIVESTOCK HIGHLIGHTS : Top Stories of the Day
DJ
08/01Wheat Leads Sinking Grains Down Following Trump Tweet
DJ
08/01Wet Weather Swamps Farm Suppliers
DJ
More news
Financials (USD)
Sales 2019 43 811 M
EBIT 2019 930 M
Net income 2019 501 M
Debt 2019 4 394 M
Yield 2019 3,85%
P/E ratio 2019 15,5x
P/E ratio 2020 13,4x
EV / Sales2019 0,28x
EV / Sales2020 0,26x
Capitalization 7 767 M
Chart BUNGE LTD
Duration : Period :
Bunge Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BUNGE LTD
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 66,89  $
Last Close Price 54,87  $
Spread / Highest target 34,9%
Spread / Average Target 21,9%
Spread / Lowest Target 5,70%
EPS Revisions
Managers
NameTitle
Gregory A. Heckman Chief Executive Officer & Director
Kathleen W. Hyle Non-Executive Chairman
Thomas Michael Boehlert Chief Financial Officer & Executive Vice President
Enrique H. Boilini Independent Director
Ernest G. Bachrach Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
BUNGE LTD2.68%7 619
NESTLÉ S.A.35.04%314 926
MONDELEZ INTERNATIONAL36.25%77 559
DANONE30.22%56 651
GENERAL MILLS41.29%32 788
THE HERSHEY COMPANY45.03%32 590