The agreement is the oil company's most ambitious asset sale so far as it tries to cut debt and boost returns while scaling ...
The sale of the lubricants business is part of the British energy company’s plan to raise $20 billion from asset sales.
A major stake in Castrol changes hands as BP restructures its involvement, marking a new phase for the 126-year-old lubricant ...
BP has agreed to sell a 65% stake in its Castrol lubricants business to infrastructure investor Stonepeak, valuing the unit ...
BP sells 65% of Castrol for $6B to cut debt and boost flexibility. Discover how this strategic move supports BP’s stock value ...
BP is selling its $10 billion, majority stake in Castrol to U.S. investment company Stonepeak in an effort to pay down its ...
Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced an agreement to acquire a majority controlling interest in Castrol (or "the Company"), ...
The transfer of financial resources and assets from public to private markets continues apace despite warnings from the IMF ...
BP Plc is near an agreement to sell a majority stake in its Castrol unit to investment firm Stonepeak Partners, the Wall ...
BP is close to selling a majority stake in its Castrol lubricants division to investment firm Stonepeak. The deal values the ...
The company will sell a 65% stake in Castrol as part of its overall plan to divest $14-18 billion by end-2027 to cut net debt ...
BP (BP) to sell a majority controlling interest, 65% in Castrol to alternative investment firm Stonepeak, valuing the lubricant unit at $10.1 billion.
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