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[BP sells Castrol equity for US$6 billion to repay debt, Stonepeak takes over 65%] November 2, BP completed the sale of a 65% stake in Castrol's lubricants business to US private equity firm Stonepeak Partners on Monday. After the transaction is completed, BP will receive US$6 billion in after-tax proceeds, which will be used to reduce debt and strengthen its financial strength. BP will also retain a 35% stake in Castrol and form a new joint venture with Stonepeak.
Global market intelligence 🕐 2026-11-02 16:14
#EA #Global market intelligence
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