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BP to Divest Netherlands-Based Retail & EV Businesses to Catom
ZACKS· 2025-07-10 16:40
Core Viewpoint - BP plc is divesting its mobility and convenience, as well as bp pulse businesses in the Netherlands to Catom as part of a $20 billion divestment program aimed at reducing debt and refocusing on fossil fuels [1][2][9]. Group 1: Divestment Details - The divestment is expected to be completed by the end of 2025 and includes around 300 retail sites and 15 active bp pulse EV charging hubs, along with eight additional hubs under development [2][3][9]. - Catom, a rapidly expanding player in the fuel and lubricant distribution sector, will expand its OK retail network to over 400 sites in the Netherlands with this acquisition [4]. Group 2: Strategic Implications - This transaction is part of BP's ongoing portfolio reshaping, which has included divestments in U.S. midstream assets and Canadian oil sands, with a target of generating $3-$4 billion in asset sales by 2025 [5][6]. - The deal reflects a broader trend of consolidation in Europe's downstream sector, where smaller firms like Catom are leveraging scale and adaptability to grow in both fossil fuel and EV infrastructure markets [7]. Group 3: Financial Performance - BP's stock has increased by 17.6% over the past three months, outperforming the industry average growth of 13% [8].
bp pulse与小鹏汽车合作的首座超充站落地广州
news flash· 2025-06-13 03:12
金十数据6月13日讯,bp旗下电动汽车充电品牌bp pulse与小鹏汽车合作的首座充电站——广州聚荟广场 站正式开业。此站作为双方1月签署谅解备忘录后的首个落地项目。继首站之后,近期还将有3座合作场 站陆续在北京、广州、深圳落地。 (bp中国) bp pulse与小鹏汽车合作的首座超充站落地广州 ...