BP has announced plans to sell its petrol station network in Austria, aiming to complete the transaction before the end of 2025. The British energy company is seeking a buyer for more than 260 petrol stations and associated charging infrastructure, with a contract expected to be signed by the end of the third quarter.
The sale includes not only BPās fuel stations but also its fleet business in Austria and its stake in the operating company of the Linz terminal.
See also: BP Pulse Chief Departs Amid Shift in EV Strategy
Of the 260 locations, only 120 are directly owned by BP, while the remaining sites are operated by partners under contractāagreements that are set to transfer to the new owner. The company has not disclosed a target sale price for the assets.
BP stated that the move is part of its broader effort to reorganize and refocus its downstream business. The company has also announced plans to exit the Netherlands’ retail fuel market by selling its 310 petrol stations there by the end of 2025.
See also: BP Pulse Opens First Dedicated EV Charging Hub in the UK
āWe have a high-quality retail business in Austria with excellent locations, great people, and a loyal customer base,ā said Emma Delaney, Executive Vice President for Customers & Products at BP. āAs BP now looks to focus downstream and reshape our portfolio, we believe that a new owner will be best placed to unlock the businessās full potential.ā
The transaction remains subject to regulatory approvals, but BP anticipates finalizing the sale by the end of the year.