BP Weighs Sale of Brazilian Biofuels Business

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BP Plc is considering options for its Brazilian biofuels business, including a possible sale. According to a Bloomberg report citing people familiar with the matter, deliberations are in the early stages and no final decision has been made, as BP no longer considers the business core to its future strategy. BP took control of the business in 2024 by purchasing a 50% stake for $1.4 billion. BP declined to comment to Bloomberg.

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BP PLC
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BP is weighing a possible sale of its Brazilian biofuels business, an early-stage divestment/M&A deliberation with no final decision.

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