The British oil company BP is planning to sell its gas station network in Austria this year. By the end of the third quarter you wanted a buyer for the more than 260 locations of the gas station. Other branches must also be completely divested.
The sale also includes electric charging stations and fleet activities associated with BP Austria and the shares in the operating company of Terminal Linz, BP announced on Thursday.
Some gas stations were operated by tenants with their staff, some of them were brand sales partnerships, said a spokeswoman for BP. The planned sale is part of the BP Global Desinvestment Program for an amount of $ 20 billion (EUR 18.54 billion). There is also a similar project in the Netherlands.
The sales process has already begun and BP wants to announce a potential buyer by the end of the third quarter of 2025. The end of the sale will be sought before the end of 2025 – subject to all necessary official permits.
BP: Sell despite the “Success Course”
“In recent years we have expanded the company and have become number two among the large brand gas stations on the Austrian market,” said BP Europa SE, CEO of Patrick Wendeler, CEO, according to the gas stations with a big brand.
“Since the BP Group would, however, want to concentrate on the portfolio of its electricity area internationally, the decision was made to give a new owner the opportunity to invest in the Austrian gas station activities to continue the course of success.”
BP trusts the purchase of fossil fuels
Weak margins in the refineries and fluctuating oil prices had born a decrease in profit by 35 percent to $ 8.9 billion. The oil giant cut worse than its competitors, which increased the pressure of investors.
BP -Baas Murray also wants to crop the British oil multi -multi after a grinding profit and its focus on fossil fuels again focused with a strategy gift. The focus is on purchasing raw materials.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
