1 year ago
Reliance and Aramco Consider Bids for BP's Castrol Business
BP, the oil company, is thinking about selling Castrol, which makes oil and coolants.
Companies like Reliance and Saudi Aramco, and investment firms are interested.
The sale could be worth billions of dollars.
The process is just starting, so it's still early to know exactly what will happen.
BP's Castrol business is attracting interest from energy and buyout firms.
Potential bidders include Reliance Industries, Saudi Aramco, Apollo Global, and Lone Star Funds.
Brookfield Asset Management and Stonepeak Partners are also potential bidders.
The business could be valued at between $8 and $10 billion.
Initial bids are expected in the coming weeks.
- Who
- BP, Reliance Industries, Saudi Aramco, Apollo Global, Lone Star, Brookfield Asset Management, Stonepeak
- What
- BP is considering selling its Castrol lubricant business.
- Where
- Unknown
- When
- Initial bids expected in several weeks.
- Why
- Unknown
Key facts
- Company
- BP
- Business
- Castrol lubricants
- Potential Sale Value
- $8 billion - $10 billion
- Interested Parties
- Reliance, Saudi Aramco, Apollo, Lone Star, Brookfield, Stonepeak
