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Announced

Completed

Chevron and Bunge North America to form a joint venture in a $1,2bn deal.

Financials

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Transaction Value£881m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Friendly

Joint Venture

Single Bidder

environmental solutions

Acquisition

Environmental / Waste Management

Majority

United States

Private

Completed

Synopsis

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Chevron, an integrated energy company, and Bunge North America, an operator of agribusiness and food ingredient company, agreed to form a joint venture in a $1.2bn deal. developing lower carbon intensity feedstocks. Financial terms were not disclosed. “As the world’s largest oilseed processor, we are pleased to expand our partnership with an energy industry leader to increase our participation in the development of next generation, renewable fuels. Together, we share a commitment to sustainability and reducing carbon in the energy value chain. This relationship with Chevron would enable Bunge to better serve our farmer customers by accessing demand in the growing renewable fuels sector,” Greg Heckman, Bunge CEO.

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