The acquisition enhances Klesch's refining assets in Europe, complementing existing complexes in Denmark and Germany, as bp ...

By Shadia Nasralla and Christoph Steitz LONDON/FRANKFURT, March 19 (Reuters) - Investment firm Klesch Group has looked at ...

BP offloads its German refinery as it raises its cost-cutting target to $7.5 billion by 2027 BP PLC (LSE:BP.), the British ...

The energy major is continuing with a strategic reset, cutting costs and selling some assets in a bid to reduce its burdensome debt.

BP is set to sell its Gelsenkirchen refinery to Klesch Group, boost its cost-cutting goals and streamline its portfolio as part of a broader strategic reset.

Gelsenkirchen refinery and related businesses to Klesch Group, an independent European refiner. The transaction represents another significant milestone in bp’s acceleration of its strategy, including ...

dollars a month that boosts the bank’s drive to increase its business previously done by Glencore Xstrata. “We switched from Glencore to Barclays,” he told Reuters. Klesch, who also invests in mining, ...

LONDON (Reuters) - Billionaire investor Gary Klesch, about to complete the purchase of a second European refinery, is already looking to his next deal in a sector that others are scrambling to exit.

DAKAR/LONDON (Reuters) – Swiss industrial group Klesch has agreed that Barclays will supply crude oil to its German refinery in a deal worth hundreds of millions of dollars a month that boosts the ...