BP's Castrol Unit Draws Interest From Reliance, Apollo and Lone Star
By , Mitchell Ferman, Ruth David, and Swetha Gopinath
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BP Plc 's Castrol lubricant business is attracting interest from energy companies including Reliance Industries Ltd. and buyout firms such as Apollo Global Management and Lone Star Funds, according to people with knowledge of the matter.
BP has sent out initial information to other potential bidders for the unit including investment firms Brookfield Asset Management and Stonepeak Partners, the people said, asking not to be identified because discussions are private. The business could fetch between $8 billion and $10 billion in a deal, the people said.
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