BASF and LetterOne want to found one of the largest independent oil and gas companies in Europe. And are planning to issue an IPO in the medium term.
Wintershall DEA: success based on tradition.
Ludwigshafen, Germany – November 24, 2017 – BASF is in discussions regarding a potential merger of BASF Group’s oil and gas activities with Letter One’s oil and gas activities bundled in the DEA Group. BASF would hold the majority of the shares in the joint enterprise.
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Wintershall is an international active oil and gas company with operations in four continents. We look back on 120 years of drilling experience. For more than 85 years, we have been actively involved in the exploration and production of crude oil and natural gas. The company employs about 2,000 people from 50 countries. We are a subsidiary of BASF, the largest chemical company in the world.