According to reports, BP PLC-Spons is selling a 65% stake in Castrol lubricants for $6 billion
According to The Wall Street Journal, BP PLC-Spons has sold a 65% stake in its Castrol lubricants to investment firm Stonepeak for $6 billion, with the valuation of Castrol lubricants after debt being $10 billion.
It is reported that this transaction will be announced as early as Wednesday (24th)
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