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BP expands Scottish network

Posted: 13 July 2003

BP is to expand its Scottish retail network by acquiring 25 service stations owned by Texaco Ltd in the central area of Scotland.

The move is part of an asset 'swap' between the two companies that will see Texaco Ltd, a subsidiary of ChevronTexaco, taking over a number of BP sites in Wales and the south-west of England.

"Scotland is an attractive market for us and one where we want to grow our flagship Connect site presence," says Graham Sims, BP's Retail director. "We see real opportunities here to grow our fuels business and also our convenience store business."

He said Scotland is also special for BP because of the long association between BP and the North Sea and because, at Grangemouth, BP had one of the world's best manufacturing and distribution facilities for clean fuels.

"So it makes sense for us to capitalise on those assets."

BP will be making a multi-million pound investment in the newly acquired network. That includes plans to transform, immediately, at least four of the sites into its flagship BP Connect convenience offer, complete with the award-winning Wild Bean café.

In total BP will exchange 21 service stations in Wales and the south west for 25 of Texaco's Scottish service stations, plus a further four undeveloped Texaco sites. The Scottish locations are all in the central belt of Scotland, between Dundee and Ayr, and mostly around Edinburgh and Glasgow.

"This deal is a further direct investment by BP in Scotland," says Sims. " It will allow us significantly to expand our leading edge Connect convenience store offer, as well as enhancing the availability of our clean fuels for Scottish motorists. It's a good deal for everyone concerned."

Rebranding is expected to be complete by year end.

For more information see http://www.bp.com.

Posted by Richard Price, Editor Pipeline Magazine

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