BASF : Wintershall Dea E&P ex-Russia business sold to Harbour Energy for an EV of $ 11.2bn, implying € 4.2bn share for BASF. Plans for network sale
>BASF announces the transfer of Wintershall Dea's non-Russian E&P assets to Harbour Energy for an EV of $ 11.2bn, € 4.2bn for BASF’s equity stake - BASF and LetterOne agreed to sell Wintershall Dea's non-Russian E&P business consisting of its production and development assets, various exploration rights to Harbour Energy and Wintershall Dea’s carbon capture and storage (CCS) licenses. An EV of $ 11.2bn which also includes $ 4.9bn bonds/hybrids to be transferred, imply...BASF is a chemical company based in Germany. Co. conducts its operations through five reportable segments: Chemicals, which comprises the Petrochemicals, Monomers and Intermediates divisions; Performance Products, which consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health and Performance Chemicals divisions; Functional Materials & Solutions, which comprises the Catalysts, Construction Chemicals, Coatings and Performance Materials divisions; Agricultural Solutions, which comprises the Crop Protection division; and Oil & Gas, which is composed of the Oil & Gas division.
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