BP may sell German petrol stations for £1.66 billion

BP may sell German petrol stations for £1.66 billion

VIENNA (Reuters) - BP Plc is seeking to sell its German petrol station chain Aral for around 2 billion euros (1.66 billion pounds), German magazine Wirtschaftswoche reported on Saturday, citing investment bankers familiar with BP's plans. BP last week unveiled plans to sell $30 billion of assets -- mainly upstream oil and gas fields-- over the next 18 months to cover costs related to the Gulf oil spill, the worst in U.S. history.

source: iii.co.uk