German Wintershall Dea merger completed and creates larger competitor to LNG in Europe
German energy companies Wintershall Holding and Deutsche Erdoel AG (DEA) have completed their merger and the newly titled Wintershall Dea is now the leading independent gas and oil company in Europe with an initial public offering (IPO) of shares planned for 2020.
Germans advance in creating first energy major Wintershall DEA while lacking LNG interests
Wintershall DEA of Germany would become the leading independent oil and gas producer in Europe when the merger is completed by mid-2019 between Wintershall and Deutsche Erdoel AG (DEA), with operations stretching from Argentina’s Shale Basin to Russia, though unusually for an energy company of its size with no presence in the LNG sector.
German oil and gas major Wintershall buys into huge Abu Dhabi gas project ahead of merger
Wintershall, the German oil and gas major, has purchased a 10 percent stake in the Ghasha natural gas mega-project in Abu Dhabi in the United Arab Emirates, boosting the future merger between Wintershall and Deutsche Erdoel AG (DEA) set for 2019.
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).
