BP (BP) is considering a potential sale of its lubricants business, Bloomberg News reported Tuesday citing people familiar with the matter.
A deal could value the unit operating under the Castrol brand at about $10 billion, the sources said.
The oil major could disclose a potential divestment during its capital markets day on Feb. 26, however no final decision has yet been made, Bloomberg reported, citing the sources.
BP declined MT Newswires' request for comment.
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