BP sells 65% of Castrol for $6B to cut debt and boost flexibility. Discover how this strategic move supports BP’s stock value ...

BP p.l.c. accelerates debt reduction with a $20B divestment, refocusing on core assets. Click for this BP update as its sells a chunk of its Castrol business.

BP has struck a $6bn (£4.4bn) deal to sell a majority stake in its motor oil division Castrol to a US investment firm. The oil giant sold a 65% stake in Castrol, which makes lubricants for cars, ...

MUMBAI: Castrol India is set for a change in ownership, with New York-based investment firm Stonepeak to acquire a majority stake in the lubricants maker from Britain’s BP as part of a $6-billion ...

BP retains 35% interest in new joint venture with Stonepeak Sale proceeds to reduce BP's debt, includes $800 million for dividends Canada Pension Plan to invest $1.05 billion, gain indirect stake in ...

Stonepeak will acquire 65% of lubricants business as part of wider plans for the oil company to pay down its debt Business live – latest updates BP has agreed to sell a majority stake in its $10bn (£7 ...

The deal reflects a shift in how investors view businesses like Castrol — less as consumer brands, and more as industrial infrastructure embedded in the global economy. Stonepeak, a US investment firm ...

BP nets $6 billion from Castrol sale, halfway to $20 billion divestment goal London. BP agreed to sell a 65% stake in its Castrol lubricants business to Stonepeak Partners at an enterprise value of ...

BP has agreed to sell a majority stake in its Castrol lubricants arm to US-based infrastructure business Stonepeak for $6billion, or £4.4billion. As part of the deal, BP will sell a 65 per cent stake ...

TORONTO - The Canada Pension Plan Investment Board says it has acquired a minority stake in lubricants company Castrol alongside private investment firm Stonepeak. Stonepeak is acquiring a majority ...

bp will divest a 65% stake in Castrol to Stonepeak for an enterprise value of $10.1 billion. The lubribants-business deal is expected to generate around $6 billion in net proceeds, aiding bp's debt ...

British oil giant BP announced Wednesday that it has reached an agreement to sell its 65% stake in Castrol to US-based Stonepeak for $10.1 billion. "The transaction represents a significant milestone ...