BP Considers Castrol Sale

BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports
Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a deal, Bloomberg News reported on Tuesday, citing people familiar with the matter.
bp considers Castrol lubricants business sale
BP (bp) is contemplating the sale of its Castrol lubricants business, a move that could value the unit at approximately $10bn, reported Bloomberg. The potential divestment comes as the oil giant seeks to regain investor trust after a period of underperformance.
BP Reportedly Mulls Castrol Lubricants Sale, But Retail’s Not Too Enthused
BP Plc (BP) stock garnered retail attention on Tuesday after Bloomberg News reported that the company is considering selling its lubricants business. Shares were up marginally in after-hours trading.
BP Considers Castrol Sale as Elliott Turns Up the Heat
BP PLC (BP) is reportedly considering selling its lubricants division, Castrol, amid growing pressure from activist investor Elliott Management
BP weighs sale of Castrol lubricant unit
BP Plc, in which activist investor Elliott Investment Management has built up a nearly 5% stake, is considering a potential sale of its lubricants business, according to people familiar with the matter.
BP considering sale of lubricants business - report
BP is reportedly considering a potential sale of its lubricants business. Bloomberg cited people familiar with the matter as saying that the oil major’s unit - which operates under the Castrol brand - could be worth about $10 billion in a deal.
BP weighs sale of Castrol lubricants unit worth about $10B, Bloomberg says
BP (BP) is said to be weighing a potential sale of its Castrol-branded lubricants unit, which could be worth about $10B, amid a push from
BP mulls £8bn sale of motor oil arm Castrol as investors demand a shake-up at the energy giant
Boss Murray Auchincloss (pictured) will next week present his plan to investors having promised a 'new direction' for the company.
Financial Post4d
BP Weighs Sale of Castrol Lubricants Unit Amid Elliott Push
The oil major’s unit, which operates under the Castrol brand, could be worth about $10 billion in a deal, the people said, asking not to be identified as the matter is private. A sale of the ...
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Transport Topics3d
BP Weighs $10 Billion Sale of Castrol Lubricants Unit
The Castrol brand serves customers in more than ... as well as making sizable non-core asset divestments. BP’s lubricants business could be worth about $8 billion to $10 billion based on an ...