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Germany’s chemicals company BASF said on Friday that it was in
talks to potentially merge its oil and gas business, Wintershall
Group, with the oil and gas operations of the LetterOne holding
group, owned by Russian billionaire Mikhail Fridman. If
talks are successful and the parties reach an agreement, BASF would
hold the majority of the shares in the joint enterprise, while
LetterOne’s oil and gas business DEA Group will hold the remainder.
Launching an Initial Public Offering (IPO) of the joint enterprise
would be an option…
talks to potentially merge its oil and gas business, Wintershall
Group, with the oil and gas operations of the LetterOne holding
group, owned by Russian billionaire Mikhail Fridman. If
talks are successful and the parties reach an agreement, BASF would
hold the majority of the shares in the joint enterprise, while
LetterOne’s oil and gas business DEA Group will hold the remainder.
Launching an Initial Public Offering (IPO) of the joint enterprise
would be an option…
Germany’s chemicals company BASF said on Friday that it was in
talks to potentially merge its oil and gas business, Wintershall
Group, with the oil and gas operations of the LetterOne holding
group, owned by Russian billionaire Mikhail Fridman. If
talks are successful and the parties reach an agreement, BASF would
hold the majority of the shares in the joint enterprise, while
LetterOne’s oil and gas business DEA Group will hold the remainder.
Launching an Initial Public Offering (IPO) of the joint enterprise
would be an option…
talks to potentially merge its oil and gas business, Wintershall
Group, with the oil and gas operations of the LetterOne holding
group, owned by Russian billionaire Mikhail Fridman. If
talks are successful and the parties reach an agreement, BASF would
hold the majority of the shares in the joint enterprise, while
LetterOne’s oil and gas business DEA Group will hold the remainder.
Launching an Initial Public Offering (IPO) of the joint enterprise
would be an option…