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BP to Sell Majority Stake in Castrol for $6 Billion

The oil and gas company plans to divest a significant portion of its Castrol lubricant business in a transaction valued at $6 billion.

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Terms & Concepts
  • Stake Sale: The process of selling an ownership share in a company or business unit.
  • Castrol: A global brand specializing in industrial and automotive lubricants, owned by BP.