LONDON, Nov 2 (Bernama-PA Media/dpa) -- BP has completed the sale of a majority stake in lubricants business Castrol in a move that gives it a US$6-billion boost to pay debts down further, PA Media/dpa reported.
BP Nets US$6 Bln Boost To Balance Sheet After Castrol Deal Completion
BP, stake sale, Castrol
BE Bernama 
Key takeaways
BP completed the sale of a 65% stake in Castrol, gaining $6 billion to reduce debt.
- BP sold 65% stake in Castrol to Stonepeak for $6 billion.
- BP will retain 35% stake in a joint venture with Stonepeak.
- Proceeds will help BP reduce its $13.9 billion debt.
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