RE: Harbour/wintershall3 Sep 2024 18:10
Düsseldorf. The sale of the Wintershall Dea businesses to the British energy group Harbour Energy has been completed. This was announced by the former Wintershall parent company BASF in a mandatory announcement on Tuesday afternoon.
The oil and gas company's business comprises production and development activities and exploration rights in eight countries, as well as licences for the capture and storage of carbon dioxide (CCS).
The deal values the business at 11.2 billion dollars. The previous majority owner of Wintershall, BASF, and the minority shareholder, the investment company Letter One, will receive 2.15 billion dollars for the sale. The companies will also receive 54.5 percent of Harbour Energy. BASF will thus receive 39.6 per cent of the shares in the new, expanded Harbour company.