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BP to Divest Netherlands-Based Retail & EV Businesses to Catom
ZACKS· 2025-07-11 00:40
Key Takeaways BP is divesting its Netherlands mobility, convenience and bp pulse units to Catom by the end of 2025. The move is part of BP's $20B divestment plan to cut debt, boost cash flow and refocus on fossil fuels. The deal includes 300 retail sites and EV assets, supporting BP's broader global portfolio reshaping strategy.BP plc (BP) has entered into an agreement to divest its mobility and convenience, as well as bp pulse, businesses in the Netherlands to Catom.The divestment, expected to be complet ...