Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  BP plc       

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

BP : Announces Acquisition of Additional Shares in Brazilian Sugar and Ethanol Producer CNAA

share with twitter share with LinkedIn share with facebook
share via e-mail
09/14/2011 | 01:00pm CEST
BP has today announced that it has agreed to acquire an additional 3 per cent share of Brazilian sugar and ethanol producer Companhia Nacional de Açúcar e Álcool (CNAA) from LDC Bioenergia S.A. for a price of approximately US$25 million.

Following the acquisition in April 2011 of 83 per cent of the shares of CNAA and subsequent conversion of CNAA’s long-term debt to equity, BP will own 99.97 per cent of the shares of the company – the remaining shares are owned by minority private shareholders. The acquisition is subject to agreed closing conditions.

“This is another step for our biofuels business in Brazil”, said Mario Lindenhayn, CEO of BP Biofuels in Brazil. “We have been operating these mills since April and the teams are working hard to integrate systems and processes to become part of BP.”
Key facts about the acquisition
  • BP has agreed to pay approximately US$25 million in cash to acquire a 3 per cent stake in CNAA from LDC Bioenergia S.A.. This follows the previously announced acquisition of majority control of CNAA in April 2011. BP will own 99.97 per cent of shares in the company.
  • Since April 2011, BP has been the operator of the CNAA mills in Itumbiara, Goiás and Ituiutaba, Minas Gerais.
  • The mills will be able to supply both Brazilian and international markets with ethanol.
  • The agricultural land used for sugarcane cultivation related to all BP’s operations in Brazil is within the areas permitted under Brazil's proposed Agro-Ecological Zoning of Sugarcane (Zoneamento Agroecológico da Cana-de-açúcar).
Note to News Editors:

BP is of one of the world's largest energy companies, providing its customers with fuel for transportation, energy for heat and light, retail services and petrochemicals products for everyday items.

Since 2006, BP has announced investments of more than US$2 billion in biofuels research, development and operations, and has announced investments in production facilities in Europe, Brazil and the US. The company has a global biofuels technology centre, located in San Diego in the US and is investing $500 million over 10 years in the Energy Biosciences Institute (EBI), at which biotechnologists are investigating applications of biotechnology to energy.

Launched in November 2005, BP Alternative Energy combines all of BP’s interests in low-carbon energy. BP Alternative Energy is investing $8 billion in the growth markets of biofuels, wind and solar while building long term options in carbon capture and storage and clean technology. $6 billion of that has already been invested.
Name: UK and international media (except Brazil),

Office: BP Press Office

Location: London

Phone : +44 (0)20 7496 4076

Email:[email protected]

Name: Renata Dalla Dea

Location: BP Biofuels Brazil

Phone : 11-3526-4514

Email:[email protected]

Name: Paulo Roberto Silva

Location: BP Biofuels Brazil

Phone : 11-3526-4533

Email:[email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on BP PLC
09/22DJCorrection to Sept. 7 Harvey Rebuilding Article
09/22 BP : Commences Natural Gas Delivery in Mexico
09/22 BP : starts delivering natural gas in Mexico
09/22 Smiths Group's core revenue slips, shares drop
09/22 BP : Sangachal Terminal expansion almost completed
09/21 ACG extension to contribute to future development of Azerbaijan-Japan relatio..
09/21 BP : begins providing natural gas to Mexico
09/21 BP : Team Up With the Job Centre's #BagsFullOfJobs Twitter Takeover
09/21 BP : New Jobs for Torrington as BP M&S Simply Food Store Opens
09/21DJEUROPEAN MORNING BRIEFING : Fed Hints at Another Rate Rise
More news
Financials ($)
Sales 2017 227 B
EBIT 2017 10 779 M
Net income 2017 5 578 M
Debt 2017 38 140 M
Yield 2017 6,23%
P/E ratio 2017 21,80
P/E ratio 2018 17,09
EV / Sales 2017 0,72x
EV / Sales 2018 0,68x
Capitalization 125 B
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 27
Average target price 6,44 $
Spread / Average Target 2,3%
EPS Revisions
Robert W. Dudley Group Chief Executive Officer & Executive Director
Carl-Henric Svanberg Chairman
Brian Gilvary Group Chief Financial Officer & Executive Director
Paul Milton Anderson Independent Non-Executive Director
Ian Edward Lamert Davis Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
BP PLC125 478
BP-9.05%123 524