Wire flash
FinanceBP to sell 250-site Austrian convenience store and EV charging business to Volenergy AG
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
BP has agreed to sell its convenience retail and electric vehicle charging businesses in Austria to Swiss energy company Volenergy AG, according to a Monday announcement. The deal includes 250 branded retail sites in Austria, 115 of which are company-owned and franchise-operated, while the remaining 135 use dealer-owned, dealer-operated, or unstaffed company-owned models. The sale is part of BP's ongoing portfolio review, which has previously led to divestitures in the Netherlands (2025), Turkey (2024), and Switzerland (2022). The transaction is expected to close at the end of 2026. The 250 sites will continue to operate under the BP banner through a brand license agreement. Volenergy AG, which already operates over 730 fuel stations in Switzerland, previously acquired BP's Swiss retail network in 2022. BP executives emphasized the sale supports the company's goal to become simpler, stronger, and more valuable through disciplined capital allocation.
Source report
By Brett Dworski Thu, July 23, 2026 at 2:07 AM PDT | 2 min read
Dive Brief
- BP has agreed to sell its convenience retail and electric vehicle charging businesses in Austria to Swiss energy company Volenergy AG, according to a Monday announcement.
- The deal includes BP's 250 branded retail sites in Austria, 115 of which are company owned and franchise operated. The other 135 use different models, including dealer owned, dealer operated, or unstaffed company-owned sites.
- BP's latest divestiture is part of the company's ongoing portfolio review, which has impacted its global convenience retail network through team restructurings and divestitures in recent years.
Dive Insight
The deal, expected to close at the end of 2026, comes over a year after BP announced it intended to sell its Austrian c-store network. This follows the divestments of its convenience businesses in the Netherlands in 2025, Turkey in 2024, and Switzerland in 2022.
BP emphasized in its announcement on Monday that the sale supports its plan "to become a simpler, stronger and more valuable company, and reflects its continued focus on disciplined capital allocation."
"By concentrating our capital on the assets and markets where bp can be most competitive and best serve customers, we are strengthening our balance sheet and creating a stronger downstream portfolio," said Richard Harding, interim executive vice president of downstream at BP.
The 250 retail sites will continue to operate under the BP banner through a brand license agreement, according to the announcement.
The buyer, Volenergy AG, already operates the largest network of fuel stations in Switzerland, with over 730 locations. The company previously acquired BP's Swiss retail network four years ago.
"Bp has built a strong mobility and convenience business in Austria over many decades and we believe volenergy AG is well placed to take it forward," said Melanie Milchram-Pinter, head of country Austria at BP. "Our priority now is to support our people, keep serving customers safely and reliably, and manage the transition well."
Recommended Reading
- Convenience Confidential: BP's latest exec exits raise questions about its c-store strategy
This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter.
Source
Yahoo FinanceWestern
Part of this Story
BP to sell 250-site Austrian convenience store and EV charging business to Volenergy AG