BP - Entreprenuernewsnetwork

BP Sells 65% Stake in Castrol to Stonepeak in $10 Billion Deal

December 25, 2025 by Ruchi Kumar

London, 24 December 2025 — In a major strategic move, BP has announced the sale of a 65% shareholding in Castrol to global investment firm Stonepeak, valuing the business at an enterprise value of $10 billion. The deal marks a significant milestone in BP’s ongoing effort to streamline its operations, reduce debt, and focus on … Read more

RHI Magnesita India Ltd. named Azim Syed as CFO & CIRO

May 1, 2024 by Entreprenuer News Network Bureau

RHI Magnesita India Ltd., the premier manufacturer and supplier of top-grade refractory products, systems, and solutions, has announced the appointment of Azim Syed as its new Chief Financial Officer (CFO) & Chief Investor Relations Officer (CIRO), effective May 1, 2024. Azim brings more than two decades of diverse industry experience to his new role at … Read more