bp to Sell 65% Stake in Castrol to Stonepeak

26 Dec 2025 CW Team

bp has agreed to sell a 65 per cent shareholding in Castrol to Stonepeak at an enterprise value of about USD 10 billion, marking a key milestone in bp’s ongoing portfolio reset and divestment programme.

The transaction is expected to generate net proceeds of around USD 6 billion for bp, including accelerated dividend payments, all of which will be used to reduce net debt. The deal accelerates bp’s strategy to simplify its portfolio, strengthen its balance sheet and sharpen its focus on downstream businesses.

Following completion, a new joint venture will be formed with 65 per cent ownership by Stonepeak and 35 per cent retained by bp. The retained stake provides bp with exposure to Castrol’s growth plan, while preserving optionality to realise further value after a two-year lock-up period.

The sale forms part of bp’s previously announced USD 20 billion divestment programme and is expected to be completed by the end of 2026, subject to regulatory approvals.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..