Tag: Castrol
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BP to Divest Majority Stake in Castrol for $6 Billion
(Bloomberg) — BP Plc agreed to promote a majority stake in its Castrol lubricants division to US funding agency Stonepeak Companions, marking a key milestone because the oil and gasoline main seeks to cut back debt and reset its enterprise. The UK vitality large will increase about $6 billion from the sale of a 65%…
