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New Deal


Announced

Vitol-backed Petrol Ofisi to acquire BP Petrolleri from BP.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Single Bidder

Acquisition

Cross Border

Majority

Private

Friendly

Turkey

hydrocarbon products

Integrated Oil and Gas

Synopsis

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Vitol-backed Petrol Ofisi, an oil refining company, agreed to acquire BP Petrolleri, a provider of hydrocarbon products and services, from BP, an oil and gas company. Financial terms were not disclosed. “We are delighted to be working towards building a stronger national champion for Türkiye’s energy sector. With its young population and potential for growth, we believe in Türkiye’s future,” Chris Bake, Petrol Ofisi Chair and Vitol Member of the Executive Committee.

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