BP PLC has signed a deal to sell 65 percent of the Castrol lubricants brand to Stonepeak Partners LP, toward its divestment aim of $20 billion by 2027, the companies said Wednesday. Castrol would ...

BP retains 35% interest in new joint venture with Stonepeak Sale proceeds to reduce BP's debt, includes $800 million for dividends Canada Pension Plan to invest $1.05 billion, gain indirect stake in ...

Stonepeak will acquire 65% of lubricants business as part of wider plans for the oil company to pay down its debt Business live – latest updates BP has agreed to sell a majority stake in its $10bn (£7 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP has agreed to sell a majority stake in its Castrol lubricants division to US infrastructure group Stonepeak ...

U.S. infrastructure investor Stonepeak has emerged as the leading contender to acquire BP's (BP) Castrol lubricants unit, as the Financial Times reported Thursday it is in advanced talks over an offer ...

Katrina Ávila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications. Transparent financial ...

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Dec 24 (Reuters) - BP (BP.L), opens new tab on Wednesday said it has agreed to sell a 65% stake in its Castrol unit to investment firm Stonepeak for about $6 billion.

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bp has reached an agreement to sell a 65% shareholding in Castrol at an enterprise value of $10 billion. Total net proceeds to bp of c.$6 billion, including accelerated dividend payments, will be ...

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