BP's Castrol Unit Gets Interest from Reliance, Apollo and Lone Star, Bloomberg Says, Citing Sources

Dow Jones

May 29, 2025

--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)

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBP's Castrol Unit Gets Interest from Reliance, Apollo and Lone Star, Bloomberg Says, Citing Sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-29 13:54</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  --BP's Castrol division is attracting interest from Reliance Industries, Apollo Global Management and Lone Star Funds, Bloomberg reports, citing unnamed sources. \n</p>\n<p>\n  --Initial bids are expected in several weeks with Saudi Arabia's Aramco considering an offer, the report says. \n</p>\n<p>\n  --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 <a href=\"https://laohu8.com/S/BN\">Brookfield</a> Asset Management and Stonepeak Partners, according to the report. \n</p>\n<p>\n  --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. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story: https://shorturl.at/6ZKdM \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Adam Whittaker at adam.whittaker@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 29, 2025 01:54 ET (05:54 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1162221912.USD","symbol_name":"FRANKLIN INCOME \"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2539380062","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539380062","pubTimestamp":1748498040,"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":"--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.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1829250122.USD":"高盛欧洲核心股票组合Acc","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4006":"钢铁","BK4588":"碎股","BP":"英国石油","BK4201":"综合性石油与天然气企业","BK4585":"ETF&股票定投概念","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","RS":"Reliance Steel & Aluminum Co","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC"},"translate_title":"彭博社援引消息人士的话称，英国石油公司的嘉实多部门引起了Reliance、Apollo和Lone Star的兴趣","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RS":0.9,"BP":1},"content_text":"--BP's Castrol division is attracting interest from Reliance Industries, Apollo Global Management and Lone Star Funds, Bloomberg reports, citing unnamed sources. \n\n\n  --Initial bids are expected in several weeks with Saudi Arabia's Aramco considering an offer, the report says. \n\n\n  --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. \n\n\n  --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. \n\n\n \n\n\n  Full story: https://shorturl.at/6ZKdM \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  May 29, 2025 01:54 ET (05:54 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,"need_auth":true,"code":"91000000","status":"200"}}}