UpdatesPress Release
BP is selling a 65% shareholding in Castrol to Stonepeak for an enterprise value of $10 billion.
Castrol India LimitedCASTROLIND · Filed with the exchange
BP will receive ~$6 billion in net proceeds, earmarked for debt reduction, and will retain a 35% stake in the new joint venture.
This impacts Castrol India Limited's minority interests.
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