BP sells 250 Austrian retail and EV charging sites to Volenergy

BP has agreed to sell its entire Austrian downstream retail operation, comprising 250 BP‑branded service stations and electric‑vehicle charging infrastructure, to Volenergy AG, a Swiss‑based unit of the Volare Group. The transaction transfers 100 % of BP Retail Austria GmbH, including about 115 company‑owned sites that operate on a franchise model and the associated fleet business. BP will also divest its stakes in three Austrian joint ventures – Erdöl‑Lagergesellschaft mbH, Autobahn‑Betriebe Gesellschaft mbH and TLM Tanklager Management GmbH – while retaining its aviation (Air BP) and Castrol activities in the country.

The share sale, subject to regulatory approval, is expected to close by the end of 2026. Financial terms have not been disclosed. BP says the deal supports its “simplification drive” aimed at $20 billion of divestments by 2027, allowing the company to focus capital on markets where it can compete most effectively. A brand‑licence agreement will keep the BP name on the stations after the hand‑over.