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Wall Street Breakfast Podcast: BP Cashes In On Castrol [Seeking Alpha]
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Waymo (GOOGL) will update its fleet software and emergency protocols after a San Francisco blackout immobilized vehicles. UiPath, Versant Media to join S&P MidCap 400 and SmallCap 600. HAYKIRDI/iStock via Getty Images Listen below or on the go via Apple Podcasts and Spotify BP to sell 65% stake in Castrol to Stonepeak. (00:24) UiPath ( PATH ), Versant Media ( VSNTV to join S&P MidCap 400 and SmallCap 600. (01:13) Waymo ( GOOG GOOGL ) plans to update software across fleet after San Francisco power outage. (01:44) This is an abridged transcript. BP ( BP to sell a majority controlling interest, 65% in Castrol to alternative investment firm Stonepeak, valuing the lubricant unit at $10.1 billion. BP ( BP ) will retain a 35% minority stake, while the Canada Pension Plan Investment Board contributes up to $1.05 billion for an indirect stake. Previous reports indicate that BP ( BP ) may sell the stake after a two-year lock-in period. Talks between the two companies emerged in Nov
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