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BP in active talks with Stonepeak over Castrol sale, Reuters reports

BP (BP) is in active talks with Stonepeak over the sale of its Castrol lubricants unit, two people with knowledge of the situation said, in what would be a major step in meeting the energy company’s $20B divestment goal, Reuters’ Amy-Jo Crowley, David French and Andres Gonzalez report. Both Stonepeak and One Rock made bids for the unit in September, one of the people and a third one said.

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