The implied total equity value of Castrol is $8.0 billion, after deducting joint venture (JV) minority interests totalling $1.8 billion and other debt-like obligations of approximately $0.3 billion, subject to customary adjustments. Following a two-year lock-up period, BP will have the option to sell its remaining 35% stake in Castrol. As of the end of the third quarter of 2025, BP’s net debt stood at $26.1 billion. BP has guided divestment proceeds for 2025 to exceed $4 billion, of which $1.7 billion had been received as of the third-quarter 2025 results, with the remainder expected by the end of 2025. The transaction includes minority interests in Castrol, primarily in India (49%), Vietnam (35%), Saudi Arabia (50%), Thailand (40%), and other jurisdictions.

Source: Indian Express December 24, 2025 12:48 UTC