
Stonepeak to acquire 65% of Castrol from bp in $10B deal
bp has agreed to sell a 65% shareholding in its Castrol lubricants business to infrastructure investor Stonepeak at an enterprise value of $10.1 billion, following a comprehensive strategic review of the asset. The transaction forms part of bp’s broader reset strategy aimed at simplifying its portfolio, strengthening its balance sheet, and sharpening its focus on downstream operations. The deal is









