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2018-10-29 12:10:00

WINTERSHALL IPO

WINTERSHALL IPO

PLATTSA merger between BASF's oil and gas unit Wintershall and DEA, agreed in September, is expected to conclude in 2019 with an eventual initial public offering set to take place in the second half of 2020, BASF CEO Martin Brudermuller said Friday.

The merger should create Eur200 million (about $227 million) per year in synergies, he added.

As a result of the merger, the subsidiary's operations would be classified as discontinued…

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Tags: WINTERSHALL, BASF, LETTERONE, DEA

Chronicle:

WINTERSHALL IPO
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