Germany probes Klesch's planned purchase of bp refinery
4/9/2026 8:00:00 AM
Germany's economy ministry has started an investment review of investment firm Klesch Group's planned purchase of bp's German oil refinery site in Gelsenkirchen, the Spiegel news outlet reported on Thursday.
According to Spiegel, citing confidential documents, the nationality of Klesch Group owner Gary Klesch, who has given up his U.S. citizenship to become British, is one reason for the review of the planned deal.
bp and Klesch Group declined to comment.
A German ministry spokesperson said that due to trade and business secrets relating to the companies involved in the acquisition, they were unable to provide any information regarding specific investment review processes.
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