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Date: 04-jun-2025 | By: Nuztrend Team
Mukesh Ambani's Reliance Industries is reportedly in advanced discussions to acquire BP's lubricant brand Castrol, a move that could significantly reshape the global lubricants market. The potential deal is estimated to be valued between $8 billion and $10 billion.
The acquisition aligns with Reliance's strategy to expand its footprint in the global energy and automotive sectors. Castrol, a well-established brand in the lubricants industry, offers a broad portfolio of products and a strong presence in over 150 countries.
This potential sale is part of BP's broader plan to divest assets worth $20 billion by 2027 to reduce debt and focus on core operations. The company has been under pressure from activist investors to streamline its portfolio and improve financial performance.
Reliance is not the only contender for Castrol. Other major players, including Saudi Aramco, Apollo Global Management, and Lone Star Funds, have also expressed interest in acquiring the lubricants business. The competitive bidding underscores the strategic value of Castrol in the global market.
Following reports of Reliance's interest in acquiring Castrol, shares of Castrol India surged over 6%, reflecting investor optimism about the potential deal's impact on the company's growth prospects.
If successful, the acquisition would mark one of the largest deals in the lubricants sector in recent years, potentially altering competitive dynamics and prompting further consolidation in the industry.
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