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flag BP to sell 65% of Castrol to Stonepeak for $6B, exiting majority ownership by 2026.

flag BP has agreed to sell a 65% stake in its Castrol lubricants business to U.S. investment firm Stonepeak for $6 billion, valuing the deal at $10 billion. flag The transaction, expected to close in 2026, marks BP’s exit from the majority ownership of Castrol. flag Canada’s CPP Investments also acquired a minority stake in Castrol, signaling continued investor interest in the global lubricants market.

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