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BP may sell German gas stations for $2.6 bln: Report

Published: Saturday, Jul 31, 2010, 16:32 IST
Place: Vienna | Agency: Reuters

BP Plc is seeking to sell its German petrol station chain Aral for around € 2 billion($2.6 billion), German magazineWirtschaftswoche reported on Saturday, citing investment bankers familiar with BP's plans.

Wirtschaftswoche said France's Total, Russia's Rosneft and Avia, an independent chain of filling stations, were among the possible buyers. Rosneft would also be interested in BP's two German refineries, it said.

Aral is the market leader in Germany where around 2,400 filling stations operate under its brand, it says on its website. BP bought the chain in 2002 as part of a larger deal with German energy group E.ON.

BP was not immediately available for comment.

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