Saudi Aramco weighs bid for BP’s Castrol lubricant assets

Saudi Aramco exploring initial bid for BP's Castrol unit, source says
Saudi Aramco is in the early stages of considering a potential bid for BP's lubricant business Castrol, according to a person with knowledge of the matter. BP has been exploring all options around its Castrol business,
Saudi Aramco considers bid for BP’s Castrol lubricant assets - Bloomberg
Castrol lubricant business, which could be worth as much as ~$10B, Bloomberg reported Wednesday. Aramco (ARMCO) reportedly is studying whether to bid for part or all of the business, and could look to combine the Castrol assets with its Valvoline lubricants unit,
Saudi Aramco eyes acquisition of bp’s Castrol lubricants business
The valuation of the Castrol business is estimated at $6bn–8bn, as noted by investment banking firm Panmure Liberum. Saudi Aramco is exploring whether to bid for part or all of
Castrol India stock surges over 13% amid Aramco's likely bid for BP's lubricant business
According to reports, Saudi Aramco is considering to buy BP's lubricant division, which operates under the Castrol brand
Castrol India share price jumps 6% amid reports of potential Saudi Aramco bid for BP’s lubricant business
Saudi Aramco, the world’s largest energy company, is evaluating the possibility of acquiring part or all of BP’s lubricant business, which operates under the Castrol brand, Bloomberg reported.

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