Amid stock trading turmoil, private markets not necessarily an easy alternative

The Bay Street financial district is shown in Toronto on Friday, August 5, 2022. THE CANADIAN PRESS/Nathan Denette

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TORONTO - The Canada Pension Plan Investment Board says it has acquired a minority stake in lubricants company Castrol alongside private investment firm Stonepeak.

Stonepeak is acquiring a majority controlling stake in Castrol from BP plc in a deal that values Castrol at an enterprise value of about  US$10.1 billion.

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