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107

BP America Sells All Its US Stores

The company said most of the sites will be sold to franchise owners

BP America Sells All Its US Stores

BP America Inc. said Thursday it will sell its over 700 stores over the next two years, eliminating nearly 10,000 jobs.

The company said most of the sites will be sold to franchise owners, while some will be sold to dealers and large distributors.

About 95 per cent of BP's 13,000 U.S. retail sites currently are independently operated.

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