BP sells stake in motor oil arm Castrol for $6bn

[ad_1] BP has struck a $6bn (£4.4bn) deal to sell a majority stake in its motor oil division, Castrol, to a US investment firm. The oil giant sold a 65% stake in Castrol, which makes lubricants for cars, motorcycles and industrial vehicles, to New York-based Stonepeak. The deal valued Castrol at $10.1bn (£7.5bn), with BP…

Read More

Star Assurance introduces ‘Star Motor Third Party Xtra’

[ad_1] Star Assurance Ltd, the renowned insurance company with multiple awards to its name, has unveiled the ‘Star Motor Third Party Xtra’, an innovative product that revolutionizes third-party motor insurance in Ghana. This new offering allows third-party policyholders to enjoy some limited coverage for damage to their own vehicles—a significant departure from the conventional limitations…

Read More