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bp to sell 65% shareholding in Castrol, UK, to Stonepeak for USD 10 billion

Dec 24, 2025

On December 24, bp announced that it has reached an agreement to sell a 65% shareholding in Castrol to Stonepeak, at an enterprise value of USD 10.1 billion. The transaction is expected to be completed by the end of 2026, subject to regulatory approvals.
The sale is part of bp’s previously announced USD 20 billion d....

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