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Klesch Group Acquires BP’s Gelsenkirchen Refinery in Germany
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Business Strategy Klesch Group Acquires BP’s Gelsenkirchen Refinery in GermanyBP has successfully completed the sale of its Gelsenkirchen Refinery in Germany to the Klesch Group.
(Source: BP)London/UK – BP has completed the sale of the Gelsenkirchen refinery and related businesses to the Klesch Group.
Based on historical performance, the transaction is free cash flow accretive and transfers the associated assets and liabilities to the Klesch Group.
With its refining experience and established presence in Germany, Klesch Group is well placed to take Gelsenkirchen into its next chapter.
Employees at the refinery and in the associated businesses have transferred to the Klesch Group as part of the transaction.