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BP to Sell 65% Stake in Castrol to Stonepeak for $10B EV
BP agrees to sell 65% of its Castrol stake to Stonepeak, valuing the business at $10.1B and generating about $6B to cut debt.
Stonepeak, CPPIB look to buy Castrol India shares at premium following BP deal
Canada Pension Plan Investment Board and U.S. private equity firm Stonepeak will launch an offer to purchase a stake of up to 26% in Castrol's Indian unit, they said on Wednesday, following their deal to acquire the firm from parent BP.
Wall Street Breakfast Podcast: BP Cashes In On Castrol
BP (BP) will sell a 65% stake in Castrol to Stonepeak, valuing the unit at $10.1 billion. Waymo (GOOGL) will update its fleet software and emergency protocols after a San Francisco blackout immobilized vehicles.
BP sells majority stake in Castrol in $10bn deal to cut debt
BP PLC (LSE:BP.) has agreed to sell a 65% stake in its Castrol lubricants business to the investment firm Stonepeak, valuing the business at about $10 billion and marking one of the biggest steps yet in the oil major's plan to slim down and shore up its finances.
BP to sell 65% stake in Castrol to Stonepeak for $6 billion
BP on Wednesday said it has agreed to sell a 65% stake in its Castrol unit to investment firm Stonepeak for about $6 billion.
BP nears deal to sell majority stake in Castrol to Stonepeak, WSJ reports
BP is nearing a sale of a majority stake in its Castrol lubricants business to investment firm Stonepeak in a deal that values the entire division at $10 billion including debt, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
BP Is Near Deal to Sell Majority Stake in Castrol to Stonepeak in $10 Billion Deal
Sale of lubricants business is part of British energy giant's plan to raise $20 billion from asset sales
Why BP (BP) Outpaced the Stock Market Today
BP (BP) closed the most recent trading day at $34.58, moving +1.29% from the previous trading session.
BP's CEO shake-up signals the end of its green energy era
British oil giant BP just announced a new CEO, marking its fourth chief executive shake-up in the last six years alone.
BP has appointed its fourth CEO in 6 years - but will she be radically different?
BP has appointed Woodside Energy boss Meg O'Neill to replace Murray Auchincloss as CEO. Auchincloss lasted less than two years in the job and worked to refocus the company on its core business.
BP boss Auchincloss leaves after less than two years in role
BP PLC (LSE:BP.) has poached Woodside Energy Group Ltd (ASX:WDS, LSE:WDS, OTC:WOPEF) boss Meg O'Neill to become its next chief executive, with current CEO Murray Auchincloss stepping down with immediate effect.
BP names Meg O'Neill new CEO — its fourth in 6 years
British oil giant BP has appointed its fourth CEO in six years. Murray Auchincloss has stepped down after less than two years in the role.
