02:06 PM EDT, 03/13/2025 (MT Newswires) -- (Updates with comment from BP in the fourth paragraph)

BP (BP) is looking to sell a 50% stake in its solar unit Lightsource bp, Reuters reported Thursday.

According to the report, the company is looking to sell half of the business for cash and a commitment of future investments.

The company plans to complete a transaction this year and has reportedly sought bids by June and expects to shortlist bidders in July.

A BP spokesperson told MT Newswires the company had made it clear mid-last year that it intended to bring in a partner for Lightsource and planned to launch a process for this in the near future. The spokesperson declined further comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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