BP in Advanced Talks to Sell Castrol Unit to Stonepeak for More Than $8 Billion, FT Says, Citing Sources

--British energy major BP is in advanced talks to sell its Castrol lubricants business to U.S. infrastructure investment group Stonepeak for more than $8 billion, the Financial Times reports, citing sources.

--No deal had been finalized, and talks could still collapse or other bidders emerge, the FT reports. BP put Castrol up for sale in February.

--Stonepeak and BP declined to comment, the FT says.

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(END) Dow Jones Newswires

12-04-25 1113ET