BP p.l.c. (NYSE:BP) disclosed on Thursday that it plans to sell its mobility and convenience business in Austria for an undisclosed amount.
The sale includes more than 260 BP retail sites across Austria (around 120 company-owned) and related Austrian fleet business and EV charging assets, including those under development.
It also comprises BP’s shares in the non-operated joint venture (NOJV) managing the Linz fuel terminal.
The sale process will commence immediately, with completion targeted by the end of 2025, pending regulatory and necessary approvals.
This move is part of BP’s ongoing strategy to reshape and streamline its downstream operations, following its announcement last year to market its mobility & convenience business in the Netherlands.
Emma Delaney, EVP, customers & products at bp said, “Over recent years we have grown …
Full story available on Benzinga.com
BP p.l.c. (NYSE:BP) disclosed on Thursday that it plans to sell its mobility and convenience business in Austria for an undisclosed amount.
The sale includes more than 260 BP retail sites across Austria (around 120 company-owned) and related Austrian fleet business and EV charging assets, including those under development.
It also comprises BP’s shares in the non-operated joint venture (NOJV) managing the Linz fuel terminal.
The sale process will commence immediately, with completion targeted by the end of 2025, pending regulatory and necessary approvals.
This move is part of BP’s ongoing strategy to reshape and streamline its downstream operations, following its announcement last year to market its mobility & convenience business in the Netherlands.
Emma Delaney, EVP, customers & products at bp said, “Over recent years we have grown …
Full story available on Benzinga.com
BP p.l.c. (NYSE:BP) disclosed on Thursday that it plans to sell its mobility and convenience business in Austria for an undisclosed amount.
The sale includes more than 260 BP retail sites across Austria (around 120 company-owned) and related Austrian fleet business and EV charging assets, including those under development.
It also comprises BP’s shares in the non-operated joint venture (NOJV) managing the Linz fuel terminal.
The sale process will commence immediately, with completion targeted by the end of 2025, pending regulatory and necessary approvals.
This move is part of BP’s ongoing strategy to reshape and streamline its downstream operations, following its announcement last year to market its mobility & convenience business in the Netherlands.
Emma Delaney, EVP, customers & products at bp said, “Over recent years we have grown …Full story available on Benzinga.com Read MoreAI Generated, BP, BPH, Briefs, Equities, Large Cap, News, OILT, Contracts, BP, US0556221044, OILT, BPH, News, Equities, Large Cap, Contracts, Benzinga News
