Stonepeak to Acquire Majority Controlling Interest in Castrol from bp

Core Viewpoint - Stonepeak, a prominent alternative investment firm, has announced an agreement to acquire a majority controlling interest in Castrol from BP, valuing the business at approximately $10.1 billion [1] Group 1: Transaction Details - The transaction involves Stonepeak acquiring a majority controlling interest in Castrol, a global leader in lubricants [1] - BP will retain a 35% minority interest in Castrol as part of the transaction [1] Group 2: Company Background - Castrol is recognized as a global leader in the lubricants industry [1] - Stonepeak specializes in infrastructure and real assets, indicating a strategic alignment with Castrol's operations [1]