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BP agreed to sell its London headquarters building for £250 million

 Last Update: 2023-01-03
 Source: Internet
 Author: User

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BP has agreed to sell its London headquarters for £250 million ($332 million), the latest move
by British energy companies since switching to low-carbon energy, a BP spokesman said recently.

A BP spokesman said BP also agreed to lease back St James' Square in central London from Hong Kong-based real estate investment firm Lifestyle International for one year
.

Lifestyle International also announced the transaction
in filings with the Hong Kong Stock Exchange.

BP, led by CEO Bernard Looney, plans to sell $25 billion in assets by 2025, about half of which has been divested or struck to reduce debt
as it shifts to low-carbon energy investments.

BP has agreed to sell its London headquarters for £250 million ($332 million), the latest move
by British energy companies since switching to low-carbon energy, a BP spokesman said recently.

A BP spokesman said BP also agreed to lease back St James' Square in central London from Hong Kong-based real estate investment firm Lifestyle International for one year
.

Lifestyle International also announced the transaction
in filings with the Hong Kong Stock Exchange.

BP, led by CEO Bernard Looney, plans to sell $25 billion in assets by 2025, about half of which has been divested or struck to reduce debt
as it shifts to low-carbon energy investments.

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