BP Sells Castrol for $6B in Strategic Reset
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BP Sells Castrol for $6B, Marking Major Step in Strategic Reset: BP has sold a 65% stake in its lubricants business Castrol for $6B, valuing the unit at $10.1B. This sale is part of BPs strategic reset, aiming to offload $20B in assets by 2027. Potential buyers included Reliance Industries, Aramco, Apollo Global Management, and Lone Star Funds. The proceeds will strengthen BPs balance sheet and focus on core businesses.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.
