CCP approves Stonepeak's acquisition of Castrol's global lubricants business
The Competition Commission of Pakistan (CCP) has cleared the proposed acquisition of BP plc's global Castrol lubricants business by Motion JVCo Limited, a special purpose vehicle set up by US-based investment firm Stonepeak Partners, following a Phas
July 31, 2026 (MLN): The Competition Commission of Pakistan (CCP) has cleared the proposed acquisition of BP plc's global Castrol lubricants business by Motion JVCo Limited, a special purpose vehicle set up by US-based investment firm Stonepeak Partners, following a Phase-I review. Castrol lubricants are marketed and sold in Pakistan through Castrol Group Holdings Limited. Although the transaction is global in natur...