Will Mukesh Ambani-owned Reliance Industries buy lubricant major Castrol? After British oil and energy giant British ...

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The $198 bln oil major keeps getting asked about a bid for its struggling $77 bln UK rival. Right now, there’s little reason ...

Bill Ackman invested nearly half a billion dollars in the shares of collapsed federally backed agencies Fannie Mae and ...

BASF agreed in February to sell its Brazilian paint business to Sherwin-Williams for $1.15 billion. It has also hired ...

BP's planned sale of its Castrol lubricants business has drawn early interest from private equity and industry bidders, ...

The offer for sale of the Castrol lublicants business of BP PLC has attracted interest, but some possible bids may be below the USD8 billion the UK oil major needs to meet its target of USD20 billion ...

For Citic, the strategic upside extends well beyond Castrol’s current business. The lubricants giant could serve as a ...

--The offers might rise but BP needs to sell Castrol for a $12 billion enterprise value if it is to boost free cash flow, the FT reports, citing analysts.

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The Financial Times highlights key developments, including bidders undervaluing BP's Castrol, AstraZeneca's promising breast ...

Analysts believe BP needs to sell Castrol at an enterprise value of $12bn if the deal is to improve the company’s free cash ...