March 21, 2025 [Reuters]- BP on Friday said U.S.-based asset management firm Apollo Global’s managed funds will buy a 25% non-controlling stake in its unit, BP Pipelines (TANAP), for about $1 billion.
The British oil giant had announced a major strategy shift in February to boost earnings and win back investor confidence and said it was targeting $20 billion in divestments by 2027.
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