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WaneInvestmentHouse

Community Contributor

BP's Pipeline Sale to Apollo to Bolster $20B Divestment Plan by 2027

BP Plc has agreed to sell a 25% non-controlling stake in BP Pipelines (BP TANAP) to Apollo-managed funds for approximately $1 billion. This deal marks BP's first divestment under its new turnaround plan, aimed at improving cash flows through $20 billion worth of divestments by 2027.

US$40.00

FV

29.2% undervalued

15.76%

Revenue growth p.a.

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26 days ago