USS to acquire a 49% minority stake in 199 UK forecourts from BP for $518m.

USS, a pension scheme, agreed to acquire a 49% minority stake in 199 UK forecourts from BP, a multinational oil and gas company, for $518m. “This transaction allows USS to partner with a quality investment grade business in a long-term arrangement that supports our duty as a trustee to pay those pensions which have already been promised,” Simon Pilcher USS CEO.