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Published: May 31, 2025
Updated: May 31, 2025
Mukesh Ambani-owned Reliance Industries is among the contenders for British energy major BP Plc’s Castrol lubricant busi ness, which could fetch between $8 billion and $10 billion. Other suitors include private equity giants Apollo Global Management, Lone Star Funds, and Saudi Aramco. BP has shared preliminary information with a broader group of potential bidders, including Canada’s Brookfield Asset Management and Stonepeak Partners.
International lenders are offering up to $ 4 billion in debt financing to support bids, including for Castrol’s listed Indian unit, which is valued at around $ 2.5 billion. Both Reliance and Aramco are particularly interested in Castrol’s footprint in high growth markets such as India.
June 30, 2025 - Combined Issue
Industry Review
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