Friday, 28 September 2018 05:27
German IPO planned after Wintershall DEA energy merger confirmed amid LNG progress
German chemicals and energy group BASF and LetterOne, the investment vehicle of Russian billionaire Mikhail Fridman and chaired by former BP Chief Executive Lord Browne, signed a definitive transaction agreement to merge their respective German-based oil and gas businesses, BASF’s Wintershall and Fridman’s Deutsche Erdoel AG (DEA).
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