VOL. XLV

No 42

21-October-2002

CYPRUS

BP To Sell Cyprus Retail/Inland Fuel Businesses To Hellenic Petroleum

BP announced on 16 October that, subject to regulatory approval, it had agreed to sell its retail network of 70 service stations and other fuels businesses in Cyprus to Hellenic Petroleum. The sale excludes BPs international businesses, Air BP and BP Marine, and BP Lubricants. BP said the decision to sell was the result of an ongoing review of its global portfolio which concluded that the...