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BP Reportedly Sells 65% Stake in Castrol Lubricants for US$6B
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BP has sold a 65% stake in its Castrol lubricants to investment firm Stonepeak for US$6 billion, Wall Street Journal reported. The deal values Castrol lubricants at US$10 billion after accounting for debt. The deal is envisioned to be announced as early as Wednesday (24th). AASTOCKS Financial News Website: www.aastocks.com |
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