Raising FVE to $73 as Bunge Announces Sugar and Ethanol Joint Venture with BP; Shares Undervalued
On July 22, Bunge announced the creation of a sugar milling and ethanol producing joint venture with BP in Brazil. The joint venture, which will be named BP Bunge Bioenergia, will be split 50/50 between Bunge and BP. Bunge will move all eight of its Brazilian sugar mills, which currently make up its sugar and bioenergy segment, to the joint venture while BP will contribute its three Brazilian sugar mills. As a part of the transaction, Bunge will move $700 million of debt to the joint venture and...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.