Processing timeline
9
days
Filed
21 May 2026
Decision Due
6 July 2026
Est decision date: 17 June 2026. Based on 24 decided Industrial Manufacturing notifications.
Acquirer
Stonepeak
Target
Castrol
Other parties
Stonepeak Partners LP, BP p.l.c
Stonepeak Partners LP is acquiring 100% of the shares in Castrol Group Holdings Limited, BP's lubricants business in the petroleum and coal product manufacturing sector. BP p.l.c. will reinvest for a 35% stake in Motion JVCo Limited, with Stonepeak holding 65%. Canada Pension Plan Investment Board is an indirect investor.