Sale of E&P business of Wintershall Dea to Harbour Energy completed
Germany, Aug. 15 -- Following the approval by all relevant authorities, Wintershall Dea's exploration and production (E&P) business excluding Russia-related activities was transferred to Harbour Energy plc (Harbour) on September 3, 2024; it consists of producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) as well as Wintershall Dea's carbon storage (CCS) licenses. In exchange, the shareholders of Wintershall Dea - BASF (72.7%) and LetterOne (27.3%) - received total cash consideration of $2.15 billion (BASF share: $1.56 billion) and new shares issued by Harbour equating to a total shareholding in the enlarged Harbour ...
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