BP p.l.c. is divesting 65% of its Castrol brand to Stonepeak for $6 billion, accelerating its $20 billion divestment plan. BP will use the $6 billion proceeds to reduce net debt, targeting a $14B–$1
India is seeking over $30 billion in compensation from Reliance Industries and BP in an arbitration case for gas it says the companies failed to produce from offshore fields, according to three people
BP agrees to sell 65% of its Castrol stake to Stonepeak, valuing the business at $10.1B and generating about $6B to cut debt.
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Canada Pension Plan Investment Board and U.S. private equity firm Stonepeak will launch an offer to purchase a stake of up to 26% in Castrol's Indian unit, they said on Wednesday, following their deal
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Private equity fund Stonepeak is buying 65% of Castrol from BP (BP, Financials) for $6 billion. The transaction values the famous lubricants company at $10.1 bi
BP (BP) will sell a 65% stake in Castrol to Stonepeak, valuing the unit at $10.1 billion. Waymo (GOOGL) will update its fleet software and emergency protocols after a San Francisco blackout immobilize
BP share price has pulled back in the past few weeks as investors have watched energy prices dip. The stock was trading at 427p, down by 10% from its highest point in November.
BP PLC (LSE:BP.) has agreed to sell a 65% stake in its Castrol lubricants business to the investment firm Stonepeak, valuing the business at about $10 billion and marking one of the biggest steps yet
BP has agreed to sell a 65% shareholding in lubricants business Castrol. The deal comes as the company looks to divest of $20 billion of assets by the end of 2027.
BP on Wednesday said it has agreed to sell a 65% stake in its Castrol unit to investment firm Stonepeak for about $6 billion.
LONDON & NEW YORK--(BUSINESS WIRE)--Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced an agreement to acquire a majority controlling inte
BP is nearing a sale of a majority stake in its Castrol lubricants business to investment firm Stonepeak in a deal that values the entire division at $10 billion including debt, the Wall Street Journa
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