Corporate moves: BP/Castrol and Hypersonica
BP will use $6B of Castrol proceeds to cut obligations and keeps an option on its 35% stake; defense startup Hypersonica raised €100M.
What we know
BP's $6B proceeds go toward reducing financial obligations, with Castrol-related obligations at about $0.3B. Hypersonica raised €100M in a round co-led by Silicon Valley VCs.
Sources
@FT
“Hypersonica has raised €100mn”
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