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BP’s Castrol unit gets bid from One Rock as most suitors drop out - Bloomberg

BP's (NYSE:BP) Castrol unit has secured a bid from U.S. private equity firm One Rock Capital Partners, one of the few remaining bidders for the lubricants business, Bloomberg reported Wednesday.
Transport Topics

Suitors Line Up for BP’s Castrol Unit

BP Plc’s Castrol lubricant business is attracting interest from energy companies including Reliance Industries Ltd. and buyout firms such as Apollo Global Management and Lone Star Funds, according to ...
CNBC

Oil giant BP seeks buyers for one of its crown jewels as it looks to stave off a takeover

Britain's BP appears to be attracting a number of possible buyers for its Castrol lubricants business as the struggling oil giant seeks to fend off a prospective takeover . Energy companies including ...
Carscoops

BP Found A Buyer For Castrol And It’s Not Who You’d Expect

Castrol has been around for 126 years and is one of the largest and most recognizable lubricant companies in the world. However, they have a new owner as Britain’s BP has announced plans to sell a 65 ...
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BP to sell a 65% shareholding in Castrol to US-based Stonepeak for $10.1 billion

NEW DELHI: BP on Wednesday announced the sale of a 65% shareholding in Castrol to US-based Stonepeak at an enterprise value of $10.1 billion. In a press note, the company said the transaction is ...
Seeking Alpha

BP p.l.c.: Castrol Sale And Implications

BP p.l.c. is executing a $20B divestment program, highlighted by the $10B Castrol sale to Stonepeak, to accelerate net debt reduction. The Castrol divestment aligns BP with activist demands for higher ...
Morningstar

Stonepeak to Acquire Majority Controlling Interest in Castrol from bp

$10.1 billion transaction to support Castrol’s next phase of growth Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced an agreement to ...