BP Agrees to Sell Its Austrian Convenience Retail Business
BP has agreed to sell its convenience retail and electric vehicle charging businesses in Austria, comprising 250 branded sites, to Swiss energy company Volenergy AG. The deal includes a mix of franchise-operated, dealer-owned, and unstaffed locations and is expected to close by the end of 2026. This sale aligns with BP's ongoing strategy to streamline its global convenience retail portfolio through divestitures and restructurings in recent years. It follows similar sales in Switzerland (2022), Turkey (2024), and the Netherlands (2025). The transaction supports BP’s goal of becoming a simpler, stronger company by focusing capital on competitive assets. Volenergy AG already operates over 730 fuel stations in Switzerland. Under the agreement, the Austrian sites will continue to operate under the BP brand via a license agreement.
Topics: Austria BP divestitures convenience retail