Dec 24 (Reuters) - BP has agreed to sell a 65% stake in its Castrol lubricants business to U.S. private equity firm Stonepeak for about $6 billion, a significant step in the oil major’s $20 billion ...
BP p.l.c. BP agrees to divest 65% of its stake to Stonepeak creating a new joint venture in which BP will currently retain 35% stake. The leading integrated player has the option to sell this ...
BP PLC (NYSE: BP) is strategically streamlining its portfolio by selling a controlling stake in its Castrol lubricants business. This move is designed to bolster BP's balance sheet and simplify its ...
(Alliance News) - BP PLC on Wednesday said it will receive proceeds of around USD6 billion from the sale of a 65% stake in its lubricants brand Castrol to private equity firm Stonepeak Partners LP.
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