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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
BP has agreed to sell its Austrian mobility business, including petrol stations and EV charging infrastructure, to Volenergy as part of its strategic exit from the retail sector. The company is also in advanced negotiations to divest its solar business, Lightsource, to a consortium backed by Kuwait's sovereign wealth fund. Furthermore, BP has decided to market its UK North Sea assets for sale following discussions with Ithaca Energy. These actions highlight a broader trend of strategic divestments across the company's global portfolio.