BP Agrees to Sell BP Ventures' Minority Stakes in More Than 10 Companies to Verdane

MT Newswires Live07-15

BP (BP) said Wednesday it agreed to sell BP Ventures' minority interests in more than 10 portfolio companies to European private equity firm Verdane.

Financial terms of the transaction were not disclosed.

BP said it will retain interests in a small number of investments where the technology has the potential to create value for its businesses.

The divestment is expected to be completed in the second quarter of 2027, according to the company.

Price: 40.99, Change: -0.41, Percent Change: -1.00

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