BP Gas Turkey said that Russian based Oteko Group has agreed to buy its bottle, wholesale LPG, and Petgaz-branded autogas businesses.
BP is retaining its BP-branded autogas business and plans to integrate it into BP Turkey’s Fuels Value Chain, which runs the company’s fuels business including its retail sites in Turkey.
Subject to the sale are all the assets of the LPG bottles and wholesale and Petgaz branded-autogas businesses. These businesses annually supply approximately 400,000 tonnes of bottle, wholesale and autogas LPG through 500 customers and dealers. They have 117 employees and operate from various locations throughout Turkey.
The sale of the business to Oteko follows BP’s announcement in February that it intended to sell its LPG bottles and bulk businesses, as well as some of its wholesale LPG activities, in the UK, Portugal, Austria, Poland, Netherlands, Belgium, Turkey, China, and South Africa.