Monday, August 2, 2010

BP (NYSE:BP) Looking to Sell German Gas Station Division "Aral"

Although they said they had no comment on it, BP (NYSE:BP) is reportedly pushing the sale of its gas station division in Germany - Aral.

That came from an preview from an email of Wirtschaftswoche, which will come out on August 2.

BP has recently said it wants to sell about $30 billion in assets to provide the liquidity to pay for claims and liabilities related to the Gulf oil spill.

That's almost three times the original goal of selling $10 billion in assets, implying the company expects to pay out a lot more than they originally thought.

When all this is over, BP will be a much smaller company, and only time will tell if it's a better one.

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