April 09, 2026 [Reuters]- Germany’s economy ministry has started an investment review of investment firm Klesch Group’s planned purchase of BP’s German oil refinery site in Gelsenkirchen, the Spiegel news outlet reported on Thursday.
According to Spiegel, citing confidential documents, the nationality of Klesch Group owner Gary Klesch, who has given up his U.S. citizenship to become British, is one reason for the review of the planned deal.
BP and Klesch did not immediately respond to requests for comment.
Spiegel reported that a ministry spokesperson would “neither confirm nor deny” the matter, adding that no further comment could be made because such procedures involve companies’ trade and business secrets, which are protected by law.
TankTerminals.com is a market research platform with not only manager-level contact details but also logistical, operational, infrastructural and shipping data of more than +10,100 tank terminals and +6,200 production facilities worldwide.
