BP (BP) said Wednesday it reached an agreement to sell its mobility & convenience and BP pulse businesses in the Netherlands, which includes 300 fuel retail sites and 15 electric vehicle charging hubs, to Catom.
Financial terms of the deal were not disclosed.
The transaction is part of BP's $20 billion divestment plan and is expected to close by the end of 2025, pending regulatory approval, the company said.
The deal covers approximately 300 BP-owned or branded retail sites, including some with on-site EV charging infrastructure, along with 15 operational bp pulse EV charging hubs, eight additional hubs under development, and the related Dutch fleet business, it said.
BP shares were 1% higher in recent premarket activity.
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