News

Bidders for BP’s Castrol weigh offers below expected $8bn valuation
Analysts believe BP needs to sell Castrol at an enterprise value of $12bn if the deal is to improve the company’s free cash ...
BP's Castrol unit draws interest from Apollo, India's Reliance, Bloomberg News reports
BP's Castrol lubricants business is attracting interest from companies such as India's Reliance Industries , Bloomberg News ...
Bidders for BP's Castrol weigh making offers below expected $8B - FT
BP's planned sale of its Castrol lubricants business has drawn early interest from private equity and industry bidders, ...
BP (BP) Nears Castrol Sale Amid Strategic Shifts and Investor Pressure
Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing ...
Bill Ackman and John Paulson’s mortgage gamble
Bill Ackman invested nearly half a billion dollars in the shares of collapsed federally backed agencies Fannie Mae and ...
BP's Castrol business draws interest from Reliance, Apollo and Lone Star
BP Plc's Castrol lubricant business is drawing significant interest from a range of potential buyers, including Reliance ...
BP’s Castrol sale progresses, but valuation may disappoint – Jefferies
Jefferies analysts note that while the potential divestment would represent progress on BP’s target to reduce net debt by $5 ...
Reliance, Aramco eye BP's Castrol unit in potential $10 billion deal
BP's Castrol division could fetch $8-10 billion, drawing interest from Reliance, Aramco, and private equity firms in one of ...
Shell-BP merger’s key ingredient is time
The $198 bln oil major keeps getting asked about a bid for its struggling $77 bln UK rival. Right now, there’s little reason ...
Castrol India share price rises 5% as reports suggest large corporates may be eyeing BP's lubricant business
Castrol India share price gained more than 5% during the morning trades on Thursday as news reports suggested that large ...
Bidders for BP's Castrol Consider Making Offers Below $8 Billion, FT Says, Citing Sources
--The offers might rise but BP needs to sell Castrol for a $12 billion enterprise value if it is to boost free cash flow, the FT reports, citing analysts.