Repsol acquires 40% stake in Bunge Iberica's facilities for $300m, partnering to expand renewable fuels in Europe.
Repsol, a Spanish oil and gas company, partners with Bunge, an agribusiness company, to expand renewable fuels opportunities in Europe. Repsol acquires a 40% stake in three of Bunge Iberica's industrial facilities on the Iberian Peninsula for $300m, with an additional $40m contingent payment. The partnership aims to meet the growing demand for lower-carbon-intensity feedstocks for renewable fuel production.
March 26, 2024
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