6th Feb 2025 14:22
(Alliance News) - BP PLC on Thursday said BP Europa SE intends to market Ruhr Oel GmbH - BP Gelsenkirchen and associated refinery assets.
The London-based oil major noted BP Europa announced its intention to market the operation in Germany for potential sale, with the marketing process for a suitable buyer beginning immediately with sales agreements targeted for 2025.
Patrick Wendeler, chief executive of BP Europa said: "With significant investments, we have been able to substantially modernise our site in recent years. Due to its current production capabilities and its location – in the heart of Europe and particularly within the chemical cluster of North Rhine Westphalia – it offers significant potential to a new owner supported by a highly qualified team."
BP shares rose 2.7% to 435.40 pence each on Thursday afternoon in London.
By Tom Budszus, Alliance News slot editor
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