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Finance & Markets

Stonepeak completes Castrol acquisition and appoints van Beurden as chair

Stonepeak has completed its acquisition of a 65% stake in Castrol from BP and appointed former Shell chief executive Ben van Beurden as chairman of the lubricants business, according to a report by Reuters.

We haven't written up this one. Private Equity Wire has the full story — the link below goes straight to it.

Read the original at privateequitywire.co.uk →

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Turkey fund crisis deepens as Takasbank CEO reportedly resigns

Yunus Arinci, chief executive of Turkey's clearing and custody bank Takasbank, has reportedly resigned after being questioned by prosecutors investigating alleged market manipulation linked to the…

  • Yunus Arinci, Takasbank CEO, reportedly resigning over market manipulation allegations.
  • Turkey's capital markets institutions under increased scrutiny after Borsa Istanbul CEO's arrest.
  • September investment fund crisis led to liquidation of 131 funds, affecting 455,000 investors.

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