02:23 PM EDT, 05/28/2025 (MT Newswires) -- (Update with BP's and Brookfield's replies to requests for comment in the third paragraph.)

BP's (BP) Castrol lubricant unit is receiving interest from energy company Reliance Industrials as well as from buyout firms such as Apollo Global Management ( APO ) and Lone Star Funds, Bloomberg reported Wednesday, citing people familiar with the matter.

BP also sent out initial information on Castrol to Brookfield Asset Management ( BAM ) and Stonepeak Partners, Bloomberg said. The unit may fetch $8 billion to $10 billion, the report said.

BP and Brookfield declined to comment, while Apollo didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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