BP Sells Gas Station Business in Austria

By the end of the third quarter, they intend to find a buyer for the over 260 gas station locations, the electric charging stations, the fleet business associated with BP Austria, as well as the stakes in the operating company of the terminal in Linz, BP announced on Thursday.

BP Gas Station Business in Austria: Sale Completion Planned for End of 2025

Vienna/London. The gas stations would be operated partly by leaseholders with their personnel, and partly as brand distribution partnerships, a BP spokeswoman told APA. The planned sale is part of BP's global divestment program amounting to 20 billion US dollars (18.54 billion euros). A similar initiative exists in the Netherlands. The sales process has already begun, and by the end of the third quarter of 2025, BP aims to announce a potential buyer. The completion of the sale is targeted for the end of 2025, subject to all necessary regulatory approvals.

"In recent years, we have expanded the business and have become the number two among major-branded gas stations in the Austrian market," said the CEO of BP Europa SE, Patrick Wendeler, according to the statement. "However, as the BP group wants to focus its downstream portfolio internationally, the decision was made to give a new owner the opportunity to invest in the Austrian gas station business to continue the success story."

(APA/red)

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