Britain’s BP To Sell 65% Stake In Castrol To Stonepeak For $6 Billion – Key Insights

BP has agreed to sell a 65% stake in its Castrol lubricants business to the US private equity firm Stonepeak for about $6 billion, a significant step in the oil major’s $20 billion divestment plan aimed at cutting debt and boosting returns.The deal, announced on Wednesday, values

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