Analysts believe BP needs to sell Castrol at an enterprise value of $12bn if the deal is to improve the company’s free cash ...

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BP's (NYSE:BP) planned sale of its Castrol lubricants business has drawn early interest from private equity and industry bidders, including China’s state-owned Citic, although some are ...

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--The offers might rise but BP needs to sell Castrol for a $12 billion enterprise value if it is to boost free cash flow, the FT reports, citing analysts.

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