People & Business :: M&A
Reports: BASF planning bid for oil and gas exploration firm DEA
11:23 AM MST | December 19, 2013 | Francinia Protti-Alvarez
BASF's mergers and acquisitions team is preparing a multibillion-euro bid for DEA (Hamburg), the oil and gas exploration business of utility company RWE (Essen, Germany), according to various media reports. The assets were put up for sale in March and Goldman Sachs was hired to run the sale with the assets valued at €5-8 billion, according to a Reuters report. Wintershall (Kassel, Germany), BASF's exploration and production subsidiary, confirmed its interest in DEA at that time. BASF declined to comment on the reports. DEA has production facilities and...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee