As part of its $20 billion divestment program, bp is exiting the Netherlands’ retail market through an agreement to sell its Mobility & Convenience and bp pulse operations there to Catom.

According to the company’s statement, the transaction, pending regulatory approval, is expected to close by the end of 2025.

This move aligns with bp’s strategy to streamline and upgrade its downstream portfolio, concentrating on core integrated operations.

The deal covers approximately 300 bp-owned or branded service stations, some of which feature electric vehicle (EV) charging facilities, 15 active bp pulse EV charging hubs and eight more under development. It also includes bp’s Dutch fleet services.

Catom, a rapidly expanding Dutch company specializing in the distribution and sale of fuels and lubricants, will significantly grow its OK-branded retail footprint to over 400 sites through this acquisition. Catom, founded in 1998 by experienced entrepreneurs, is a fast-growing player in the trade, distribution, and sale of fuels and lubricants in the Netherlands.