BP's planned sale of its Castrol lubricants business has drawn early interest from private equity and industry bidders, ...

The offer for sale of the Castrol lublicants business of BP PLC has attracted interest, but some possible bids may be below the USD8 billion the UK oil major needs to meet its target of USD20 billion ...

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

--The offers might rise but BP needs to sell Castrol for a $12 billion enterprise value if it is to boost free cash flow, the FT reports, citing analysts.

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The Financial Times highlights key developments, including bidders undervaluing BP's Castrol, AstraZeneca's promising breast ...

Analysts believe BP needs to sell Castrol at an enterprise value of $12bn if the deal is to improve the company’s free cash ...

BASF SE has kicked off a sale of its coatings business, in a process that could value the unit at about €6 billion ($6.8 billion) and attract bids from large buyout firms, according to people familiar ...

A week of geopolitical maneuvering and high-stakes energy developments sees China encroaching on Russian influence, Ukraine ...

Mukesh Ambani's Reliance Industries is also known to have acquired assets in the UK, including the Stoke Park luxury hotel ...

Bloomberg reported that BP Plc (NYSE:BP) is considering selling its Castrol lubricant business as part of an ongoing ...

Jefferies analysts note that while the potential divestment would represent progress on BP’s target to reduce net debt by $5 ...