Bidders for BP’s Castrol weigh offers below expected $8bn valuation
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BP’s sale of its lubricants arm Castrol has drawn early interest from private equity and industry bidders, including China’s state-owned investment company Citic, although some are considering offers below the expected $8bn-plus range. Failing to … Read more