Clayton Dubilier & Rice, the private equity firm that employs BP‘s (BP) chairman as an advisor, is among suitors exploring a takeover of the oil giant’s Castrol business, which has been put up for sale for roughly $8B, Sky News’ Mark Kleinman reports. CD&R is one of the world’s biggest buyout firms and also owns assets in the U.K., including Motor Fuel Group and Morrisons, the author notes.
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