BP agrees to sell most of bp Ventures portfolio stakes to Verdane
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BP• BP to sell most venture stakes to Verdane
- BP agreed to sell most of bp Ventures’ minority stakes in more than 10 portfolio companies to Verdane.
The deal covers most of the venture unit’s holdings across energy-related technologies, as part of a broader push to simplify the portfolio.BP will keep a small number of investments tied to technologies seen as potentially valuable to its businesses.Completion is expected in Q2 2027, subject to regulatory and contractual approvals.BP agrees to sell most of bp Ventures portfolio stakes to Verdane - BP News | Rallies