euro adhoc: BP PLC / BP SELLS GLOBAL SPECIAL PRODUCTS BUSINESS TO H&R WASAG AG (E)

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April 2, 2004

BP SELLS GLOBAL SPECIAL PRODUCTS BUSINESS TO H&R WASAG AG

BP announced today that it has agreed to sell its global special products business to H&R Wasag AG, a speciality chemicals group listed on the Frankfurt stock exchange.

The deal follows H&R Wasag's purchase of BP's European Special Products business which was completed earlier this year.

Subject to a number of approvals, H&R Wasag will acquire BP's remaining special products production, distribution and sales activities in South Africa, Australasia, SE Asia, North America and the UK.

The two parties said that they hoped to complete the transaction on July 1, 2004.

Notes to Editors:

· H&R Wasag AG is a speciality chemicals group, headquartered in Salzbergen, Germany. · Special products include waxes, process oils and rubber additives. · The book value of the assets involved in the transaction is EUR14.5 million.

- ENDS -

This information is provided by RNS The company news service from the London Stock Exchange

Further inquiry note:
Further information:

BP Press Office, London, tel: +44 (0)207 496 4358
H&R Wasag, Germany, tel: +49 (0)5976 945300
Tel: +44 20 7496 4062
Email: tomalij@bp.com

Emittent: BP PLC 1 ST JAMES SQUARE UK-SW1Y4PD LONDON Tel: +44 20 7496 4062 Email: tomalij@bp.com WWW: http://www.bp.com ISIN: GB0007980591 WKN: 850517 Indizes: Börsen: official dealing Hamburger Wertpapierbörse, Börse

end of announcement euro adhoc

Düsseldorf, Frankfurter Wertpapierbörse, SWX Swiss Exchange, London Stock Exchange; free trade Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse, Bayerische Börse, Baden-Württembergische Wertpapierbörse
Branche: Energy
Sprache: Englisch

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