BP said on Monday it had agreed to sell its Austrian mobility, convenience and electric vehicle (EV) charging businesses to Volenergy AG under confidential terms.
The British major is aiming to simplify its portfolio, cut costs and refocus on oil and gas investments. BP sold its mobility and convenience businesses in the Netherlands in 2025, Turkey in 2024 and Switzerland in 2022.
The agreement, expected to complete at the end of 2026, includes 250 BP-branded retail sites as well as electric vehicle charging infrastructure.
BP will sell 100% of its shares in BP Retail Austria GmbH, subject to regulatory approvals, and its shares in three non-operated joint ventures.
Volenergy AG operates the largest network of fuel stations in Switzerland, with more than 730 locations. It acquired BP’s Swiss retail network in 2022 and is part of the Volare Group AG.
Source: Reuters.com