AZB & Partners Advised Bp On The Sale Of A 65% Stake In Castrol To Stonepeak

AZB & Partners advised bp on the sale of a 65% stake in Castrol to Stonepeak

The leading law firm in India, AZB & Partners, acted as Indian legal counsel to bp in connection with its agreement to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of US$ 10 billion. The transaction is expected to close by the end of 2026. Upon completion, a new joint venture will be formed, comprising 65% ownership by Stonepeak and 35% by bp.

The AZB & Partners deal team comprised Darshika Kothari (Senior Partner), Abhilash Chandran (Partner), and Arnav Shah (Counsel).

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