Unlikely bedfellows: Castrol deal draws private capital into industry
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Euronews.com
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Stonepeak, a US investment firm, is acquiring a controlling stake in Castrol, a major lubricant company, for $10.1 billion. This deal merges the industrial heritage of Castrol with the private investment focus of Stonepeak, which typically invests in infrastructure. BP retains a minority stake, while CPP Investments also invests in the deal. The acquisition highlights the growing interest of private capital in industrial sectors and aims to position Castrol for future growth, especially in electric vehicles and data infrastructure. Teljes cikk (Euronews.com)