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BP to sell 65% of Castrol to Stonepeak for $6B, exiting majority ownership by 2026.
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.
The transaction, expected to close in 2026, marks BP’s exit from the majority ownership of Castrol.
Canada’s CPP Investments also acquired a minority stake in Castrol, signaling continued investor interest in the global lubricants market.
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BP venderá el 65% de Castrol a Stonepeak por 6 mil millones de dólares, saliendo de la propiedad mayoritaria para 2026.