BP: Completes Sale Of 65% Stake In Castrol To Stonepeak
To Receive $6B In After-Tax Proceeds From Sale Of Castrol Stake - To Retain 35% Stake In Castrol After Deal - To Use Castrol Deal Proceeds To Cut Financial Obligations - Following Two-Year Lock-Up Period, Bp Has Optionality To Sell Its 35% Stake In Castrol
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07:06:38 AM UTC
SquawkNews
STONEPEAK: DEAL ESTABLISHES NEW BOARD OF DIRECTORS FOR CASTROL CHAIRED BY BEN VAN BEURDEN
07:28:17 AM UTC
SquawkNews
UPDATE 1-Ex-Shell CEO van Beurden to chair Castrol as Stonepeak closes deal with BP Recasts first pa
07:28:26 AM UTC
SquawkNews
Former Shell CEO Ben van Beurden will chair Castrol's board after Stonepeak completed its acquisition of a 65% stake in the lubricants maker from BP LSE:BP. on Monday, the US private equity firm said.BP agreed the stake sale last year and will retain a 35% stake in a new joint venture with Stonepea…