{"id":883046,"date":"2026-01-06T04:28:14","date_gmt":"2026-01-06T10:28:14","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/06\/cpp-investments-buys-stake-in-castrol\/"},"modified":"2026-01-06T04:28:14","modified_gmt":"2026-01-06T10:28:14","slug":"cpp-investments-buys-stake-in-castrol","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/01\/06\/cpp-investments-buys-stake-in-castrol\/","title":{"rendered":"CPP Investments buys stake in Castrol"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div>\n<div>\n<figure data-aqa=\"featured-image\"><picture><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1225-bc-cppib-.jpg?quality=90&#038;strip=all&#038;w=564&#038;h=423&#038;type=webp&#038;sig=Db6zk7bxD6Owo_FaSQUfRQ, \nhttps:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1225-bc-cppib-.jpg?quality=90&#038;strip=all&#038;w=1128&#038;h=846&#038;type=webp&#038;sig=ZRbtt6jUy6yKEircMxnfBQ 2x\" type=\"image\/webp\"><source media=\"(min-width: 1200px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1225-bc-cppib-.jpg?quality=90&#038;strip=all&#038;w=564&#038;h=423&#038;type=jpg&#038;sig=-yAgNg1tOZML5NSk1YiBiA, \nhttps:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1225-bc-cppib-.jpg?quality=90&#038;strip=all&#038;w=1128&#038;h=846&#038;type=jpg&#038;sig=BdZNDYIk3GTfQqZg9PzmQw 2x\" type=\"image\/jpeg\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1225-bc-cppib-.jpg?quality=90&#038;strip=all&#038;w=472&#038;h=354&#038;type=webp&#038;sig=lqoyd-JBXGq1445RqMKIIg, \nhttps:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1225-bc-cppib-.jpg?quality=90&#038;strip=all&#038;w=944&#038;h=708&#038;type=webp&#038;sig=MjXDHfqG-UPA8ltlePrP9g 2x\" type=\"image\/webp\"><source media=\"(min-width: 768px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1225-bc-cppib-.jpg?quality=90&#038;strip=all&#038;w=472&#038;h=354&#038;type=jpg&#038;sig=UISyxE0KW_Dg-n7m7sGuKA, \nhttps:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1225-bc-cppib-.jpg?quality=90&#038;strip=all&#038;w=944&#038;h=708&#038;type=jpg&#038;sig=2QrMglRZpuUfthxm3bFMlQ 2x\" type=\"image\/jpeg\"><source media=\"(max-width: 767px)\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1225-bc-cppib-.jpg?quality=90&#038;strip=all&#038;w=288&#038;h=216&#038;type=webp&#038;sig=cdeu0aGxao-IRGDLuxk57A, \nhttps:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1225-bc-cppib-.jpg?quality=90&#038;strip=all&#038;w=576&#038;h=432&#038;type=webp&#038;sig=dE7FKJ6DSthwikIwymuFMA 2x\" type=\"image\/webp\"><img alt=\"bitcoins CPP Investments signage during an interview for an episode of Bloomberg Wealth with David Rubinstein in New York, U.S., on July 10, 2024.\" src=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1225-bc-cppib-.jpg?quality=90&#038;strip=all&#038;w=288&#038;h=216&#038;sig=QoKDY2yCNjQwOmki-c82ZA\" srcset=\"https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1225-bc-cppib-.jpg?quality=90&#038;strip=all&#038;w=288&#038;h=216&#038;sig=QoKDY2yCNjQwOmki-c82ZA,\n                    https:\/\/smartcdn.gprod.postmedia.digital\/financialpost\/wp-content\/uploads\/2025\/12\/1225-bc-cppib-.jpg?quality=90&#038;strip=all&#038;w=576&#038;h=432&#038;sig=7c_DhtMzCh39joE-VcC6Tg 2x\" decoding=\"async\" fetchpriority=\"high\" height=\"750\" width=\"1000\"><\/picture><figcaption><span>CPP Investments signage during an interview for an episode of Bloomberg Wealth with David Rubinstein in New York, U.S., on July 10, 2024. <\/span> <span>Photo by Jeenah Moon\/Bloomberg<\/span><\/figcaption><\/figure>\n<\/div>\n<section>\n<p>Article content<\/p>\n<p data-async><a data-evt-val=\"{\"control_fields\": {\"mparticle\": {\"keys\": {\"click_source_type\": \"click_source_type\", \"anchor_text\": \"anchor_text\", \"target_url\": \"target_url\", \"layout_section\": \"layout_section\"}, \"mp_event_type\": \"Navigation\", \"extra_keys\": [\"click_vertical_position_percentage\", \"click_vertical_position_pixels\"]}}, \"click_source_type\": \"in-page link\", \"anchor_text\": \"Canada Pension Plan Investment Board\", \"target_url\": \"https:\/\/financialpost.com\/tag\/canadian-pension-plan-investment-board\/\", \"layout_section\": \"in-page-link\"}\" rel=\"noopener noreferrer\" data-evt=\"click\" data-evt-typ=\"click\" href=\"https:\/\/financialpost.com\/tag\/canadian-pension-plan-investment-board\/\" target=\"_blank\">Canada Pension Plan Investment Board<\/a> (CPPIB), in partnership with alternative investment firm Stonepeak, has acquired a stake in British oil company Castrol, the company announced on Wednesday.<\/p>\n<\/section>\n<section data-aqa=\"identity-sign-in\" data-async id=\"article-block\">\n<header>\n<div>\n<p><img decoding=\"async\" title=\"bitcoins\" alt=\"bitcoins Financial Post\" height=\"37\" loading=\"lazy\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/20.2.3\/websites\/images\/identity\/logo-identity-fp.svg\" width=\"280\"><\/p>\n<div>\n<p>THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\n<p>Subscribe now to read the latest news in your city and across Canada.<\/p>\n<ul>\n<li>Exclusive articles from Barbara Shecter, Joe O&#8217;Connor, Gabriel Friedman, and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s 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including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div>\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p>Create an account or sign in to continue with your reading experience.<\/p>\n<ul>\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<div>\n<p>THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\n<p>Create an account or sign in to continue with your reading experience.<\/p>\n<ul>\n<li>Access articles from across Canada with one account<\/li>\n<li>Share your thoughts and join the conversation in the comments<\/li>\n<li>Enjoy additional articles per month<\/li>\n<li>Get email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div data-auth-component id=\"auth-screen-form\" aria-live=\"assertive\">\n<h2>Bitcoins Sign In or Create an Account<\/h2>\n<p><span><\/span><span>or<\/span><span><\/span><\/p>\n<\/div>\n<\/section>\n<section>\n<p>Article content<\/p>\n<p data-async>CPPIB\u2019s stake in Castrol will be an indirect non-controlling interest, while Stonepeak is acquiring a majority controlling interest from <a data-evt-val=\"{\"control_fields\": {\"mparticle\": {\"keys\": {\"click_source_type\": \"click_source_type\", \"anchor_text\": \"anchor_text\", \"target_url\": \"target_url\", \"layout_section\": \"layout_section\"}, \"mp_event_type\": \"Navigation\", \"extra_keys\": [\"click_vertical_position_percentage\", \"click_vertical_position_pixels\"]}}, \"click_source_type\": \"in-page link\", \"anchor_text\": \"BP PLC\", \"target_url\": \"https:\/\/financialpost.com\/tag\/bp-plc\/\", \"layout_section\": \"in-page-link\"}\" rel=\"noopener noreferrer\" data-evt=\"click\" data-evt-typ=\"click\" href=\"https:\/\/financialpost.com\/tag\/bp-plc\/\" target=\"_blank\">BP PLC<\/a>, for approximately US$10.1 billion. CPPIB will invest up to US$1.05 billion to support the transaction.<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<p>Castrol, which markets industrial and automotive lubricants, is one of the largest lubricants providers globally. It manufactures and markets engine oils, industrial fluids and greases through approximately 20 blending plants and more than 100 third-party facilities and warehouses worldwide across 150 countries.<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<div aria-labelledby=\"FinancialPostPosthaste6400736719343657330216395637522432\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component data-target-list=\"FP_ExecSummary\" data-widget=\"newsletter\">\n<p>By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<\/section>\n<section>\n<p>Article content<\/p>\n<p data-async>Bill Rogers, the head of sustainable energies at CPP Investments, said Castrol is well positioned for a growing role in emerging applications, from <a data-evt-val=\"{\"control_fields\": {\"mparticle\": {\"keys\": {\"click_source_type\": \"click_source_type\", \"anchor_text\": \"anchor_text\", \"target_url\": \"target_url\", \"layout_section\": \"layout_section\"}, \"mp_event_type\": \"Navigation\", \"extra_keys\": [\"click_vertical_position_percentage\", \"click_vertical_position_pixels\"]}}, \"click_source_type\": \"in-page link\", \"anchor_text\": \"electric vehicles\", \"target_url\": \"https:\/\/financialpost.com\/category\/commodities\/energy\/electric-vehicles\/\", \"layout_section\": \"in-page-link\"}\" rel=\"noopener noreferrer\" data-evt=\"click\" data-evt-typ=\"click\" href=\"https:\/\/financialpost.com\/category\/commodities\/energy\/electric-vehicles\/\" target=\"_blank\">electric vehicles<\/a> to data centres.<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<p>\u201cOur investment alongside Stonepeak aligns with our strategy of backing businesses that are essential to the energy system,\u201d he said. \u201cWe believe Castrol\u2019s strong market position and diversified growth opportunities will deliver attractive risk\u2011adjusted returns for the CPP Fund.\u201d<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<p>The transaction is expected to close by the end of 2026, subject to regulatory approvals.<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<\/section>\n<\/div>\n<p> Denise Paglinawan <a href=\"https:\/\/financialpost.com\/commodities\/energy\/oil-gas\/cpp-investments-buys-stake-castrol\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CPP Investments signage during an interview for an episode of Bloomberg Wealth with David Rubinstein in New York, U.S., on July 10, 2024. Photo by Jeenah Moon\/Bloomberg Article content Canada Pension Plan Investment Board (CPPIB), in partnership with alternative investment firm Stonepeak, has acquired a stake in British oil company Castrol, the company announced on<\/p>\n","protected":false},"author":1,"featured_media":883047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27635,22369],"tags":[11476],"class_list":{"0":"post-883046","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investments","8":"category-stake","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/883046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=883046"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/883046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/883047"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=883046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=883046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=883046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}