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 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
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 weighs bid for BP’s Castrol lubricant assets, with special interest in $2.5 bn India arm
Saudi Aramco is considering bidding for BPs Castrol lubricant assets, which could be worth around $10 billion. This acquisition would align with Aramco's strategy to expand in fast-growing markets like India and Southeast Asia,
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.

Aramco, oil prices and Saudi kingdom

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