Bidders for BP's Castrol Consider Making Offers Below $8 Billion, FT Says, Citing Sources

Dow Jones

06-02

--Potential buyers of BP's lubricants business Castrol are considering offers below $8 billion, the Financial Times reports, citing unnamed sources

--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.

--The sale process is being run by Goldman Sachs, with Chinese state-owned investment company Citic considering a bid, alongside Apollo, Lone Star, Aramco, EG Group's Zuber Issa, and Reliance Industries, according to the report.

--BP, Apollo, Lone Star, Aramco and Issa declined to comment, while Citic and Reliance Industries weren't immediately available for comment, the report says.

Full story: https://shorturl.at/oZxtS

Write to Adam Whittaker at adam.whittaker@wsj.com

(END) Dow Jones Newswires

June 02, 2025 02:16 ET (06:16 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4184","symbol_name":"其它综合性金融服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2540975052","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540975052","pubTimestamp":1748844960,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"--Potential buyers of BP's lubricants business Castrol are considering offers below $8 billion, the Financial Times reports, citing unnamed sources. --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.--The sale process is being run by Goldman Sachs, with Chinese state-owned investment company Citic considering a bid, alongside Apollo, Lone Star, Aramco, EG Group's Zuber Issa, and Reliance Industries, according to the report.--BP, Apollo, Lone Star, Aramco and Issa declined to comment, while Citic and Reliance Industries weren't immediately available for comment, the report says.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4184":"其它综合性金融服务","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BP":"英国石油","LU1829250122.USD":"高盛欧洲核心股票组合Acc","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","FT":"富兰克林通用信托","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","APO":"阿波罗全球管理","BK4588":"碎股","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU0106831901.USD":"贝莱德世界金融基金A2","BK4135":"资产管理与托管银行","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU0006061336.USD":"Blackrock US Small and MidCap Opportunities A2 USD","BK4201":"综合性石油与天然气企业"},"translate_title":"英国《金融时报》援引消息人士的话称，BP嘉实多的竞购者考虑出价低于80亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"APO":0.9,"BP":1,"FT":1},"content_text":"--Potential buyers of BP's lubricants business Castrol are considering offers below $8 billion, the Financial Times reports, citing unnamed sources \n\n\n  --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. \n\n\n  --The sale process is being run by Goldman Sachs, with Chinese state-owned investment company Citic considering a bid, alongside Apollo, Lone Star, Aramco, EG Group's Zuber Issa, and Reliance Industries, according to the report. \n\n\n   --BP, Apollo, Lone Star, Aramco and Issa declined to comment, while Citic and Reliance Industries weren't immediately available for comment, the report says. \n\n\n \n\n\n  Full story: https://shorturl.at/oZxtS \n\n\n \n\n\n  Write to Adam Whittaker at adam.whittaker@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 02, 2025 02:16 ET (06:16 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}