BRIEF-BP To Sell Majority Of BP Ventures Portfolio

BP PLC Sponsored ADR

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July 15 (Reuters) - BP PLC BP.L:

BP: REACHED AGREEMENT WITH VERDANE TO DIVEST BP VENTURES’ MINORITY INTERESTS IN MORE THAN 10 COMPANIES IN ITS PORTFOLIO
BP: BP WILL RETAIN INTERESTS IN A SMALL NUMBER OF INVESTMENTS WHERE THE TECHNOLOGY HAS THE POTENTIAL TO CREATE VALUE FOR ITS BUSINESSES.
BP: TRANSACTION INCLUDES MOST OF BP VENTURES' MINORITY INTERESTS ACROSS A RANGE OF ENERGY-RELATED TECHNOLOGIES
BP: THE DIVESTMENT IS EXPECTED TO COMPLETE BY THE SECOND QUARTER OF 2027 - WEBSITE

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Further company coverage: BP.L

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