BP to sell off petrol stations in the Netherlands

BP planea vender todas sus 310 gasolineras en los Países Bajos para finales de 2025. Las inversiones necesarias para crecer en el relativamente pequeño mercado holandés serían demasiado elevadas.

A spokesperson for the oil company has confirmed a corresponding Dutch media report. However, there are no details yet. It is thus unclear whether BP intends to sell the 310 petrol stations as a whole, separately, or as packages. It is also not known what proceeds BP wants to generate from the sale.

In the densely populated Netherlands, space is scarce and therefore expensive. Reuters refers to an initiative by Shell. Last year, BP’s competitor had to pay a whopping 12.3 million euros for a 15-year lease for a petrol station on the A2 motorway between Amsterdam and Utrecht.

BP is not alone in the upcoming petrol station sale: TotalEnergies has already announced its intention to sell its petrol station network in Germany and the Netherlands in 2023. Jet petrol stations in Germany and Austria are also up for sale. And Shell wants to give up around 1,000 locations, including petrol stations, this year and next to focus more on the business with charging stations for electric vehicles.

reuters.com