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BP to sell 65% stake in Castrol to Stonepeak for $6 billion
Business Standard
|December 25, 2025
BP has agreed to sell a 65 per cent stake in its Castrol lubricants business to US private equity firm Stonepeak for about $6 billion, a significant step in the oil major’s $20 billion divestment plan aimed at cutting debt and boosting returns.
The deal, announced on Wednesday, values Castrol at $10.1 billion, and marks the British company’s most ambitious asset sale so far in its efforts to streamline operations and scale back its renewable energy investments4 after years of lagging rivals in share performance.
Diese Geschichte stammt aus der December 25, 2025-Ausgabe von Business Standard.
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