Repsol completed the acquisition of a 40% stake in Bunge for $340m.

Repsol, a Spanish multinational energy and petrochemical company, completed the acquisition of a 40% stake in Bunge, an agribusiness and food company, for $340m. “This is an exciting step for Bunge in Spain and supports our commitment to create alternative paths towards the decarbonization of agricultural and oil supply chains in our industry. Together, thanks to our companies’ in-depth expertise in the agri-food sector and global connectivity for renewable feedstocks, we aim to unlock wider opportunities in the renewable energy space,” Julio Garros, Bunge Co-President.