The $198 bln oil major keeps getting asked about a bid for its struggling $77 bln UK rival. Right now, there’s little reason ...

BP's planned sale of its Castrol lubricants business has drawn early interest from private equity and industry bidders, ...

For Citic, the strategic upside extends well beyond Castrol’s current business. The lubricants giant could serve as a ...

BASF SE has kicked off a sale of its coatings business, in a process that could value the unit at about €6 billion ($6.8 billion) and attract bids from large buyout firms, according to people familiar ...

Companies may pursue a divestment strategy to refocus on their core business, in response to the operating environment in their industry or to release underperforming assets. Companies typically ...