Report: German government reviewing BP refinery sale to US investor [Yahoo! Finance]
BP p.l.c. (BP)
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Source: Yahoo! Finance
The German Economy Ministry is reviewing a planned sale of a western German oil refinery owned by British energy firm BP to the Klesch Group, news magazine Der Spiegel reported on Thursday. A spokesman for the ministry declined to comment, citing trade and business secrets held by the companies involved in the acquisition. The German government may prohibit the acquisition of companies by non-European investors under certain conditions. The Klesch Group, owned by US investor A Gary Klesch, currently operates two oil refineries in Europe, including one in northern Germany. London-headquartered BP announced last month that it had struck an agreement for the group to acquire its oil refinery in the western German city of Gelsenkirchen. The transaction is to be finalized in the second half of 2026 pending regulatory approval, according to BP. The site has an annual processing capacity of around 12 million tons of crude oil. It primarily produces fuels for road and air transpo
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BP
Earnings
- 2/11/26 - Beat
BP
Sec Filings
- 4/1/26 - Form 6-K
- 4/1/26 - Form 6-K
- 3/19/26 - Form 6-K
- BP's page on the SEC website