BP to Sell 65% of Castrol Lubricants to Stonepeak
By Ayomide Otitoju British oil giant BP announced on Wednesday that it has agreed to sell a 65 per cent stake in its Castrol lubricants business to US investment firm Stonepeak, in a move aimed at reducing debt. The transaction, which values Castrol at $10.1 billion, is expected to close by the end of 2026….
