BP (BP) is seeking to sell 50% of its solar unit Lightsource bp to a strategic partner for cash and a commitment of future investments, with bids due in June, the energy major said in a sales document seen by Reuters, Andres Gonzalez and Shadia Nasralla write. BP is planning asset sales and partnerships as part of a broader plan to address investor concerns. The energy group wants to cut costs and improve its return on investments to boost its share price and profit, the authors say.
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