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Deals Rumor Mill

Citgo, Castrol Field Billion-Dollar Bids, And More Deal Rumors

By Al Barbarino ( July 3, 2025, 1:42 PM EDT) -- Vitol submitted a more than $10 billion bid to buy the parent of Venezuela-owned U.S. refiner Citgo Petroleum, according to Wednesday reports, but subsequent news indicated that it might not be enough to beat out the competition. Castrol, which is BP's lubricant arm, is also running an auction process, with private equity firm Clayton Dubilier & Rice reportedly emerging as one of the latest bidders. ...

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