Castrol unit has secured a bid from U.S. private equity firm One Rock Capital Partners, one of the few remaining bidders for ...

One Rock Capital Partners, a U.S. private equity firm, is one of the few remaining bidders for BP's Castrol lubricants ...

BP (NYSE:BP) has started a sale process for its Castrol lubricants business and has hired Goldman Sachs to help it sell the unit, Reuters reported Thursday, marking a key step in the company's ...

BP's planned sale of its Castrol lubricants business has drawn early interest from private equity and industry bidders, although some are considering offers below the expected $8B-plus.

BP acquired Castrol in 2000, in a deal valued at 3 billion pounds. If successful, its sale would follow other deals, such as BP agreeing to sell a stake in a firm invested in the TANAP gas ...

Its Mumbai-listed subsidiary Castrol India Ltd. has a market value of about $2.4 billion. Shares of BP have fallen nearly 9% so far this year, giving the company a market value of about $77 billion.