Harbour Energy Buys Wintershall Dea's Upstream Assets for $11.2 Billion
By Ian Walker
Harbour Energy said it would buy most of the upstream assets of oil-and-gas producer Wintershall Dea for $11.2 billion from its shareholders BASF and LetterOne.
The U.K. oil-and-gas company said Thursday that the deal includes all of Wintershall Dea's upstream assets in Norway, Germany, Denmark , Argentina, Mexico, Egypt, Libya and Algeria as well as its carbon-dioxide capture and storage licenses in Europe.
German chemicals giant BASF has a 72.7% stake in Wintershall Dea.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
December 21, 2023 09:30 ET (14:30 GMT)
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