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(bp) -- BP
announced today that it intends to sell its LPG bottles and tank filling
operations in Portugal, UK, Austria, Poland, Netherlands, Belgium, Turkey, China
and South Africa, as well as its non refinery-integrated wholesale business.
Also included in the sale are LPG storage terminals, bottle filling plants,
customer lists, operating licences and logistics assets.
The decision follows a review of BP’s LPG portfolio last year. As a result of
the review, it was concluded that BP is not the natural owner long term of the
LPG bottles and tank filling business.
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It was felt that the business would offer greater opportunities for
other companies wanting to invest allowing BP to continue to focus its refining
and marketing businesses where it has leading market positions it can sustain
and grow in the long-term.
BP intends to retain its autogas business in Europe and move it into the
Fuels Value Chains, and maintain LPG wholesale outlets to support its refinery
operations.
The LPG bottles and tank filling activities will continue to be
managed as a global business until sold. BP intends to sell the businesses as
going concerns and expects significant market interest. |
