Petrol stations for sale in Germany & Austria.

[chowbenter]

Blimey! Get a load of this. are the owners selling up while they're still worth something?
"The sale of petrol station networks has recently become more frequent. Shell is also planning to sell off around 1,000 locations, including petrol stations, this year and next year in order to focus more on the business with charging stations for electric vehicles. Gas station operator TotalEnergies had already sold its entire petrol station network in Germany and the Netherlands to the Canadian company Couche-Tard. This involved 1,198 petrol stations in Germany and 392 locations in the Netherlands. One of the reasons given for the Total sale was the planned phase-out of combustion engines in the EU from 2035."

Jet petrol stations in Germany and Austria up for sale - electrive.com

The entire petrol station network of the Jet brand in Germany and Austria is up for sale. According to its latest quarterly statement, parent company Phillips 66 plans to "monetise assets that no longer fit its long-term strategy."

www.electrive.com

 

[Jacko]

The short answer to this is they had a major shareholder send a letter to them saying they need to concentrate on the core competencies of refining assets. Germany is a special instance in that those stations are not tied to a refining asset and are run very differently to the rest of the stations in the group. So they can be sold relatively easily to satisfy the request. As an aside they are in the process of electrifying those stations.