BP in active talks with Stonepeak over Castrol sale, sources say

BP in talks with Stonepeak to sell Castrol

BP is in advanced discussions with investment firm Stonepeak regarding the potential sale of its lubricants business Castrol, a move aligned with BP’s target to divest approximately $20bn by 2027, according to a report by Reuters citing people familiar with the matter. The sale process for Castrol began earlier this year when BP initiated a strategic review of the unit. In September, bids were submitted by both Stonepeak and One Rock, though it …

BP in Active Talks With Stonepeak Over Castrol Sale, Sources Say - Energy News, Top Headlines, Commentaries, Features & Events

(Reuters) – BP is in active talks with investment firm Stonepeak over the sale of its Castrol lubricants unit, two people with knowledge of the situation said, in what would be a major step in meeting the energy company’s $20 billion goal. KEY DETAILS Both Stonepeak and private equity firm One Rock made bids for ...

BP in active talks with Stonepeak over Castrol sale, sources say

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