Stonepeak to Acquire Majority Controlling Interest in Castrol from bp [Yahoo! Finance]
BP p.l.c. (BP)
Last bp p.l.c. earnings: 4/29 04:01 pm
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Source: Yahoo! Finance
LONDON & NEW YORK, December 24, 2025 BUSINESS WIRE )--Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced an agreement to acquire a majority controlling interest in Castrol (or "the Company"), a global leader in lubricants, from BP p.l.c. ("bp") (NYSE: BP) (LON: BP), in a transaction valuing the business at an enterprise value of approximately $10.1 billion. bp will retain a 35% minority interest in Castrol as part of the transaction. In connection with the transaction, Canada Pension Plan Investment Board ("CPP Investments") will invest up to USD$1.05 billion in support of the transaction, resulting in an indirect stake in Castrol. 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
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BP
News
- BP sells £4bn stake in Castrol [Yahoo! Finance]Yahoo! Finance
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- BP sells stake in motor oil arm Castrol for $6bn [Yahoo! Finance]Yahoo! Finance
- Oil giant BP to sell 65% stake in $10 billion Castrol unit [MSNBC.com]MSNBC.com
- BP to Sell Majority Stake in Castrol Business for $6 Billion [Yahoo! Finance]Yahoo! Finance
BP
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- 11/5/25 - Beat
BP
Sec Filings
- 12/18/25 - Form 25-NSE
- 12/18/25 - Form 6-K
- 12/1/25 - Form 6-K
- BP's page on the SEC website