bp plans to fully acquire Lightsource bp, leveraging its capital-light model and bp’s financial and trading expertise to drive double-digit equity returns. The integration supports bp’s growth in hydrogen, EV charging, biofuels, and power trading. The acquisition is structured competitively, emphasizing performance, and may involve bringing in a strategic partner in the future.
bp acquires Lightsource bp to accelerate sustainable growth
The transaction, subject to regulatory approvals, is expected to conclude by mid-2024. Illustration from bp.
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