bp to sell Austrian retail and EV charging business to volenergy AG
The agreement covers 250 bp-branded stations in Austria, including around 115 company-owned.
bp has agreed to sell its Austrian fuel station and EV charging business to volenergy AG, part of Switzerland's Volare Group, as the company continues to streamline its downstream portfolio.
The deal is structured as a share sale, with bp divesting 100% of bp Retail Austria GmbH, subject to regulatory approval. It includes the company's Austrian fleet business and bp's stakes in three non-operated joint ventures: Erdöl-Lagergesellschaft, Autobahn-Betriebe Gesellschaft, and TLM Tanklager Management in Linz. Financial terms were not disclosed.
"We are focusing our investments on the assets and markets where bp is most competitive and can create the greatest value for customers," said Richard Harding, bp's interim EVP Downstream. "This is how we strengthen our balance sheet and sharpen our downstream portfolio."
The agreement covers 250 bp-branded stations in Austria, including around 115 company-owned, franchise-operated sites, along with EV charging and fleet operations. Stations will keep operating under the bp brand through a licensing agreement after closing, expected by the end of 2026.
"Our top priority now is supporting our employees, continuing to serve customers safely and reliably, and making this transition a success," said Melanie Milchram-Pinter, bp's Head of Country Austria.
The sale follows bp's earlier exits from retail networks in the Netherlands (2025), Turkey (2024), and Switzerland (2022), the last of which volenergy also acquired. Air bp and Castrol operations in Austria are not part of the deal.
