BP (BP) is said to be weighing a potential sale of its Castrol-branded lubricants unit, which could be worth about $10B, amid a push from activist investor Elliott, Bloomberg’s Dinesh Nair, Ruth David, Swetha Gopinath, and Aaron Kirchfeld report. A sale of the business is one of the many options BP is considering, people familiar with the matter say, adding that BP might announce the potential divestment during its capital markets day on February 26.
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