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Published on 09/07/2025 05:08 PM
BP Plc has agreed to sell 300 fuel-retail sites and 15 electric-vehicle charging hubs in the Netherlands to Catom BV, according to a statement on Wednesday. A figure for the transaction was not disclosed.
The deal includes EV charging sites under construction and the associated Dutch fleet business. It comes after BP said earlier this year that it intended to sell over 260 fuel-retail sites in Austria, including EV charging assets.
The sale is part of BP’s broader strategy to streamline its downstream portfolio — which encompasses fuel stations, EV charging points and refineries — following a strategic reset unveiled in February. As part of that plan, the energy giant aims to divest $20 billion in assets by the end of 2027, in a bid to enhance cash flow and operational efficiency.
Poland is scrapping plans to carve out unprofitable coal assets from state-controlled utilities and instead seeks to introduce new support measures to keep the country’s electricity system stable.
Warsaw-listed power producers traded higher after an initial drop, with the WIG-Energy sub-index advancing as much as 2.4% on Wednesday to within touching distance of the highest level in a decade.
Poland’s government has dragged its feet about the NABE carve-out project, which was drafted by the previous administration, as it seeks to reduce the role of dirty coal-fired power plants and roll out more renewable energy capacity. Despite an acceleration in its green transformation, the country still relies on coal for a greater share of its electricity production than any other European Union member.
BP Plc has agreed to sell 300 fuel-retail sites and 15 electric-vehicle charging hubs in the Netherlands to Catom BV, according to a statement on Wednesday. A figure for the transaction was not disclosed.
The deal includes EV charging sites under construction and the associated Dutch fleet business. It comes after BP said earlier this year that it intended to sell over 260 fuel-retail sites in Austria, including EV charging assets.
The sale is part of BP’s broader strategy to streamline its downstream portfolio — which encompasses fuel stations, EV charging points and refineries — following a strategic reset unveiled in February. As part of that plan, the energy giant aims to divest $20 billion in assets by the end of 2027, in a bid to enhance cash flow and operational efficiency.
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