Mubadala and Raizen confirmed as final bidders for BP Bunge Bioenergia

In Brazil, Reuters has confirmed that UAE state investor Mubadala Investment Co and Raizen are the final bidders in the sale of BP Bunge Bioenergia, with no bidders in the second round and the other potential buyers rejected earlier in the process. Parallel negotiations are ongoing with both parties as the difference between the two bids was relatively small. There is no guarantee of a sale or when a sale could be finalized if one comes through, even though negotiations are said to be in the final stages.