BP (BP.L) is nearing a deal to sell its renewables-focused business Lightsource, after a final bidder emerged in the sale process, London's Financial Times reported Friday, citing several people familiar with the matter.
A consortium consisting of Spanish investment and management company Qualitas Energy and sovereign wealth fund Kuwait Investment Authority's Wren House emerged as the final bidder. A deal could be reached soon, but it could still fall apart, the sources said.
The British oil and gas major did not immediately respond to a request for comment from.
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