Profit by Pakistan Today·1 min read·medium
CCP clears Stonepeak’s acquisition of BP Castrol unit
✦AI Summary
The Competition Commission of Pakistan has officially approved the acquisition of BP plc’s global Castrol lubricants business by Motion JVCo Limited. The purchasing entity is a special purpose vehicle managed by the U.S.-based investment firm Stonepeak Partners.
The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of BP plc’s global Castrol lubricants business by Motion JVCo Limited, a special purpose vehicle established by U.S.-based investment firm Stonepeak Partners, concludi... [1658 chars]
businesseconomy
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