BP (BP) is in active talks with investment firm Stonepeak over the sale of its Castrol lubricants unit, Reuters reported Wednesday, in what would be a major step in meeting the company's $20 billion ...

BP's (NYSE:BP) Castrol unit has secured a bid from U.S. private equity firm One Rock Capital Partners, one of the few remaining bidders for the lubricants business, Bloomberg reported Wednesday.

BP Plc’s Castrol lubricant business is attracting interest from energy companies including Reliance Industries Ltd. and buyout firms such as Apollo Global Management and Lone Star Funds, according to ...

BP has agreed to sell a 65% shareholding in lubricants business Castrol. The deal comes as the company looks to divest of $20 billion of assets by the end of 2027. The company's strategy reset will ...

LONDON, May 22(Reuters) - BP (BP.L), opens new tab has kicked off the sale of its more than a century-old Castrol lubricants business, according to two people with knowledge of the process, in a key ...

BP p.l.c. is divesting 65% of its Castrol brand to Stonepeak for $6 billion, accelerating its $20 billion divestment plan. BP will use the $6 billion proceeds to reduce net debt, targeting a $14B–$18B ...

On May 28, Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing strategic review, citing internal sources. The report states that energy ...

The banks are ready to provide Stonepeak Partners with debt obligations in the amount of $3.75 billion as part of the deal to acquire a controlling stake in the BP Plc Castrol division. This is ...

Saudi Aramco is considering a potential offer for lubricant assets being sold by BP Plc, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries, ...

BP has agreed to sell a 65% stake in its Castrol lubricants business to infrastructure investor Stonepeak at an enterprise value of about $10 billion, as the energy major presses ahead with its ...