Additional European Equity News
BP (BP/ LN) - Co. sells 65% of its lubricant Castrol business to Stonepeak for USD 10bln. The implied total equity value of Castrol is USD 8.0bln after deducting JV minority interests totalling USD 1.8bln, and other debt-like obligations; an equity value which would be at the lower range of expectations. Total net proceeds to BP of circa USD 6bln, including accelerated dividend payments, will be fully utilised to reduce net debt. (BP) This confirms reports via the WSJ earlier.
24 Dec 2025 - 07:15- ForexEU Research- Source: Newsquawk
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