BP sells $6 billion worth of Castrol shares to pay off debt, Stonepeak acquires 65% stake
智通财经2026/11/02 08:21Show original
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According to Zhitong Finance APP, BP (BP.US) completed the sale of a 65% stake in its Castrol lubricants business to US private equity firm Stonepeak Partners on Monday. After the transaction, BP received $6 billion in after-tax proceeds, which will be used to reduce debt and strengthen its financial position. BP will retain a 35% stake in Castrol and form a new joint venture with Stonepeak.
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智通财经•2026/11/02 08:31
BP (BP.US) sells Castrol shares for $6 billions to repay debt, Stonepeak acquires 65%
BP completed the sale of a 65% stake in its Castrol lubricants business to the American private equity firm Stonepeak Partners on Monday.
智通财经•2026/11/02 08:22
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