Earlier this morning I wrote:
If Hart Energy is reporting it, it's old news, but for the record: link here:
- BP acquires TA for $1.3 billlion
- BP acquisition will add 280 travel centers across the US
- think footprint locations for EV charging;
Now, this is being reported elsewhere:
The two companies on Thursday revealed the plans for BP to acquire TravelCenters of America in an all-cash $1.3 billion deal, subject to regulatory and TravelCenters shareholder approval. TravelCenters of America said the target close date for BP’s purchase of the company is in mid-2023.
"This deal will grow our convenience and mobility footprint across the US and grow earnings with attractive returns," BP CEO Bernard Looney said in a statement. "Over time, it will allow us to advance four of our five strategic transition growth engines. By enabling growth in EV charging, biofuels and renewable natural gas and later hydrogen, we can help our customers decarbonize their fleets."
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