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Share Price Information for Harbour Energy (HBR)

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Share Price: 297.60
Bid: 297.30
Ask: 297.90
Change: -6.60 (-2.17%)
Spread: 0.60 (0.202%)
Open: 305.70
High: 305.70
Low: 295.60
Prev. Close: 304.20
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German government to examine BASF sale of Wintershall Dea assets - Handelsblatt

Thu, 18th Jan 2024 08:50

BERLIN, Jan 18 (Reuters) - The German government wants to look at the $11.2 billion share and cash sale of Wintershall Dea's non-Russian oil and gas assets to Britain's Harbour Energy , German daily Handelsblatt said on Thursday.

The Federal Ministry of Economics will examine the planned sale by co-owners BASF and LetterOne "very intensively", Handelsblatt said, citing government sources.

When asked about the report, a ministry spokesperson said he could not comment as the issue concerns internal proceedings.

Under certain conditions, the German government can prohibit a company takeover, if the buyer is not from the European Union.

The deal, expected to close in the fourth quarter of 2024, was announced in December 2023 and falls in line with a number of large oil and gas acquisitions in recent months. (Writing by Nette Nöstlinger; editing by Matthias Williams)

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21 Dec 2023 18:23

Britain's Harbour Energy strikes $11.2 billion deal for Wintershall Dea assets

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21 Dec 2023 17:26

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21 Dec 2023 17:13

London stocks slip after global rally pauses

FTSE 100, FTSE 250 down 0.3%

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21 Dec 2023 16:53

LONDON MARKET CLOSE: Investors feel frosty ahead of US inflation

(Alliance News) - The festive cheer failed to lift stock prices in London on Thursday, as investors nervously look ahead to a key inflation reading from the US on Friday.

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21 Dec 2023 16:03

London close: Stocks finish weaker amid uninspiring data

(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, despite a rebound on Wall Street in early trading, as investors digested lacklustre government borrowing and retail sales data.

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21 Dec 2023 15:55

Harbour Energy up after inking deal for majority of Wintershall assets

(Alliance News) - Harbour Energy PLC on Thursday said it had reached an agreement with BASF SE and LetterOne to acquire "substantially all" of the Wintershall Dea's upstream assets.

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21 Dec 2023 14:14

BASF to transfer Wintershall Dea's E&P business to Habour Energy

BERLIN, Dec 21 (Reuters) - German company BASF said on Thursday that it has signed an agreement to transfer Wintershall Dea's E&P business, excluding Russia-related activities to Harbour Energy.

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21 Dec 2023 14:13

Harbour Energy to buy Wintershall Dea's upstream assets for $11.2bn

(Sharecast News) - Harbour Energy surged on Thursday after saying it has agreed to buy the upstream assets of German oil and gas producer Wintershall Dea from shareholders BASF and LetterOne for $11.2bn.

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21 Dec 2023 14:13

Harbour Energy to buy Wintershall Dea's upstream assets for $11.2bn

(Sharecast News) - Harbour Energy shot higher on Thursday after saying it has agreed to buy the upstream assets of German oil and gas producer Wintershall Dea from shareholders BASF and LetterOne for $11.2bn.

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19 Dec 2023 09:34

IN BRIEF: Harbour Energy "pleased" by Indonesia gas discovery

Harbour Energy PLC - London-based oil and gas company with operations in the UK North Sea, Norway, Mexico, Indonesia and Vietnam - Notes announcement by operator Mubadala Energy, an Abu Dhabi-based oil and gas company, that the Layaran-1 well in Indonesia recently made a significant gas discovery on the South Andaman licence in offshore North Sumatra. Harbour Energy holds a 20.0% stake in the South Andaman licence. Says Layaran-1 is the first of a four well exploration campaign. Adds that rig will now move to drill the Halwa and Gayo wells on the Andaman II licence.

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4 Dec 2023 10:10

LONDON BROKER RATINGS: HSBC likes Softcat; Jefferies cuts Future

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30 Nov 2023 15:16

London close: Stocks mixed after US, Europe inflation data

(Sharecast News) - London's markets finished with a mixed performance on Thursday, with the top-flight index lifted by the likes of BP and Shell.

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29 Nov 2023 10:18

Harbour Energy announces output decline, focuses on maximising value

(Alliance News) - Harbour Energy PLC on Wednesday reported a decline in production.

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29 Nov 2023 08:26

LONDON MARKET OPEN: FTSE 100 falls; Halfords, Xaar plunge

(Alliance News) - Stock prices in London opened mixed on Wednesday, as large caps fell on account of a stronger pound, though the domestically-focused midcap index rose.

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29 Nov 2023 07:33

Harbour Energy eyeing M&A opportunities, reiterates full-year guidance

(Sharecast News) - Oil and gas group Harbour Energy has held on to its full-year production and cost guidance as it expressed its interest in "a number of material M&A opportunities".

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