BP agrees to sell most of bp Ventures portfolio stakes to Verdane

• BP agreed to sell most of bp Ventures’ minority stakes in more than 10 portfolio companies to Verdane.
• Deal covers most of the venture unit’s holdings across energy-related technologies, part of a broader push to simplify the portfolio.
• BP will keep a small number of investments tied to technologies seen as potentially valuable to its businesses.
• Completion is expected in Q2 2027, subject to regulatory and contractual approvals.

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