BP(US:BP) Zhi Tong Cai Jing·2025-12-05 12:44Core Viewpoint - Stonepeak has emerged as a major competitor in the acquisition of BP's Castrol lubricants business, with negotiations centered around a bid valuing the business at over $8 billion [1] Group 1: Acquisition Details - BP put the Castrol lubricants business up for sale in February, with analysts initially estimating a potential sale price exceeding $10 billion [1] - The sale is part of BP's strategy to raise $20 billion through asset disposals by 2027, with the Castrol sale expected to contribute significantly to this target [1] - Initial bidders were deterred by the high price, but a deal at over $8 billion aligns with BP's current expectations [1] Group 2: Transaction Structure - Stonepeak may pursue a transaction structure similar to its recent acquisition of a majority stake in Phillips 66's subsidiary, where Phillips 66 retained a 35% minority stake [1] Group 3: Other Asset Sales - BP is also seeking buyers for a 50% stake in its Lightsource solar business, with expectations to raise $4 billion through asset disposals this year [1]