--BP's Castrol division is attracting interest from Reliance Industries, Apollo Global Management and Lone Star Funds, Bloomberg reports, citing unnamed sources.
--Initial bids are expected in several weeks with Saudi Arabia's Aramco considering an offer, the report says.
--The lubricants business could sell for between $8 billion and $10 billion, and BP has already sent information on the unit to other bidders such as Brookfield Asset Management and Stonepeak Partners, according to the report.
--Representatives for BP, Apollo, Lone Star, Brookfield and Stonepeak declined to comment, while a representative for Reliance didn't immediately respond to a request for comment, Bloomberg says.
Full story: https://shorturl.at/6ZKdM
Write to Adam Whittaker at adam.whittaker@wsj.com
(END) Dow Jones Newswires
May 29, 2025 01:54 ET (05:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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