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.


MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy
Woolworths Faces Fresh Class Action Over Alleged Underpayments, Shares Slide
Shell M&A Chief Exits After BP Takeover Proposal Rejected
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership
Robinhood Expands Sports Event Contracts With Player Performance Wagers
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations
SpaceX Begins IPO Preparations as Wall Street Banks Line Up for Advisory Roles
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers
Nomura Expands Alternative Assets Strategy With Focus on Private Debt Acquisitions
EU Signals Major Shift on 2035 Combustion Engine Ban Amid Auto Industry Pressure
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey
CMOC to Acquire Equinox Gold’s Brazilian Mines in $1 Billion Deal to Expand Precious Metals Portfolio 



