BP kicks off sale of Castrol as part of a $20B divestment push, targeting a leaner portfolio and sharper focus under CEO ...

The divestment aims to streamline BP’s portfolio and strengthen its financial footing amid strategic recalibration ... Founded in 1899, Castrol is one of the world’s most recognized lubricant ...

The group has already contacted potential private equity and strategic bidders ... to a Reuters query, BP did not comment on the details of Castrol's sale but said its divestment programme was ...

BP has kicked off the sale of its more than a century-old Castrol lubricants business, according to two people with knowledge of the process, in a key step in the British energy group's divestment ...

On May 28, Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing strategic review, citing internal sources. The report states that ...

As part of a major corporate revamp, BP started a strategic review of the Castrol-branded business ... according to Jefferies Financial Group Inc. While the divestment would represent good progress ...

The $198 bln oil major keeps getting asked about a bid for its struggling $77 bln UK rival. Right now, there’s little reason ...

For Citic, the strategic upside extends well beyond Castrol’s current business. The lubricants giant could serve as a ...