Latest Castrol News & Updates

BP to Sell 65% Stake in Castrol Business for $6 Billion

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New Delhi, Dec 24 (IANS) BP on Wednesday announced that it has agreed to sell a 65 per cent stake in its lubricants business Castrol to global investment firm Stonepeak for around $6 billion. The transaction values Castrol at about $10.1 billion, including debt. After the deal, BP will continue to hold a minority stake in Castrol through a joint venture structure.Following the announcement, shares of Castrol India surged about 8 per cent in early trade and were quoted at around Rs 201 per share….