CPP Investments to Acquire Indirect Minority Stake in Castrol [Globe and Mail, The (Toronto, Canada)]
BP p.l.c. (BP)
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Source: Globe and Mail, The
TORONTO Dec. 24, 2025 /CNW/ - Canada Pension Plan Investment Board ("CPP Investments"), today announced an agreement to acquire an indirect non-controlling interest in Castrol, a global leader in lubricants, alongside Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. Stonepeak is acquiring a majority controlling interest in Castrol from BP p.l.c. ("bp") (NYSE: BP) (LON: BP). The transaction values Castrol at an enterprise value of approximately US$10.1 billion. CPP Investments will invest up to US$1.05 billion in support of the transaction. Castrol is one of the largest lubricants providers globally and serves consumer automotive customers, as well as commercial and industrial end markets. As an embedded part of the large and diversified global finished lubricants market, Castrol works closely with its customers and consumers to develop and supply highly engineered lubricants for specific applications. Castrol manufactures and markets
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