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The Marked Chart Wire · Business

Castrol Sale

BP completes Castrol sale to Stonepeak, keeps 35 percent stake

BP closed its sale of Castrol to Stonepeak, retaining a 35 percent stake with an option to sell after a two-year lock-up. The company received $6 billion in after-tax proceeds to reduce financial obligations.

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  1. BP+0.1%BP p.l.c.$50.39

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