Stonepeak to acquire a 65% stake in Castrol from BP for $10.1bn.

Stonepeak, a alternative investment firm specializing in infrastructure and real assets, agreed to acquire a 65% stake in Castrol, an oil company that markets industrial and automotive lubricants, from BP, an oil and petrochemicals company, for $10.1bn. “We are thrilled to have Stonepeak join us as a partner in Castrol. Stonepeak’s capital support, energy sector expertise, and experience working with similar companies that provide essential services will be immensely additive in helping the business to innovate and grow. This transaction reflects our commitment to investing in the future and creating new opportunities for growth and success at Castrol, and we are proud that Stonepeak shares in our vision for the business as we take the next step in our journey," Michelle Jou, Castrol Global CEO.