Mubadala made the best offer for ethanol joint venture BP Bunge Bioenergia while revoking its tender offer to buy a controlling stake in Brazil's Zamp SA, owner of the Burger King Brazil.
The Valor Economico newspaper estimates that Abu Dhabi state investor Mubadala’s offer for BP Bunge Bioenergia could be worth over $1.7 billion.
The purchase isn’t expected before the October elections in Brazil.
Mubadala had offered 8.31 reais, or $1.61, per share to buy a 45.15 percent stake in Zamp this month, after offering 7.55 reais per share in August.
The revocation of the tender offer caused prompting shares of Zamp SA to fall 6.5 percent to 6.80 reais.
According to the Abu Dhabi investor, it dropped out after failing to obtain confirmation on whether the deal would terminate Zamp's franchise and trademark licensing agreements.
Restaurant Brands International Inc,, Burger King's master franchisor, said it could not issue a waiver requested by Mubadala for the transaction to proceed.


Toyota Global Sales Fall for Seventh Month as China Demand Slumps
Gold Holds Near Seven-Week Low as Fed Rate Hike Bets Rise
Oil Surge Pressures Global Stocks as U.S.-Iran Truce Hopes Fade
BlackRock’s Rick Rieder Favors Bonds Over Stocks as Treasury Yields Surge
Asian Stocks Fall as Oil Surge, Bond Yields and AI Concerns Hit Markets
CSL Partners With AWS to Bring AI Into Drug Research
Bitget Resumes Crypto Withdrawals After $388M Security Breach
BitMine Ethereum Holdings Top 6 Million ETH After $46 Million Purchase
Asian Stocks Fall as Bond Yields and Oil Prices Surge
Oil Prices Jump Nearly 3% as Iran Holds Firm on Hormuz Conditions
Strategy Buys 1,665 Bitcoin as BTC Holdings Reach 847,666
RBA Hikes Interest Rate to 4.60% as Inflation Risks Rise
RBA Set for September Rate Hike as Inflation Stays High
US Stocks Face Jobs, Inflation Test as Fed Rate Hike Bets Rise
Gold Slides Below $4,300 as Oil Surge Fuels Fed Rate Hike Bets
China Cuts Tariffs on U.S. Farm Goods but Excludes Soybeans
Samsung Invests $1 Billion in KKR’s Helix AI Infrastructure 



