M&A Deal Summary

FLAGA Acquires BP Polish LPG business

On September 4, 2013, FLAGA acquired oil/gas exploration company BP Polish LPG business from BP

Acquisition Highlights
  • This is FLAGA’s 1st transaction in the Oil/Gas Exploration sector.
  • This is FLAGA’s 1st transaction in Poland.

M&A Deal Summary

Date 2013-09-04
Target BP Polish LPG business
Sector Oil/Gas Exploration
Buyer(s) FLAGA
Sellers(s) BP
Deal Type Divestiture

Target

BP Polish LPG business

Poland
BP’s Polish LPG business distributed over 150 million gallons of LPG in 2012 serving the residential, commercial, autogas, and wholesale segments.

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Buyer(S) 1

Buyer

FLAGA

Leobendorf,, Austria

Category Company
Founded 1947
Sector Utilities
DESCRIPTION

Flaga is the provider of LPG in Austria and has offered high-quality LPG products to its customers for more than 65 years. With self-owned delivery fleet,company guarantee the customers 100% LPG supply nationwide.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Poland M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

BP

London, United Kingdom

Category Company
Founded 1908
Sector Oil/Gas Exploration
Employees87,800
Revenue 189.2B USD (2024)
DESCRIPTION
BP fuel station in Duluth, Minnesota.
BP fuel station in Duluth, Minnesota.

BP is an integrated oil and gas company with operations in Europe, the US, Canada, Russia, South America, Australasia, Asia and parts of Africa. BP provides customers with fuel for transportation, energy for heat and light, lubricants, and petrochemicals products used to make items as diverse as paints, clothes and packaging. BP was founded in 1908 and is based in London, England.


DEAL STATS #
Overall 7 of 17
Sector: Oil/Gas Exploration M&A 3 of 8
Type: Divestiture M&A Deals 6 of 10
Country: Poland M&A 1 of 1
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-13 Atlantic Richfield Company

La Palma, California, United States

Atlantic Richfield Company (ARCO) is an American oil/gas company serving the Western United States.

Sell $2.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-28 BP - Aviation Turbine Oil Business

Linden, New Jersey, United States

BP's Aviation Turbine Oil Business includes a production facility in Linden, NJ, specialized laboratory equipment located in Naperville, IL, and a long-term supply agreement for products related to the acquired business that BP will use to serve industrial markets.

Sell -