ADNOC Exploring Acquisition of BASF's Wintershall Dea Unit

Source Press
Company ADNOCHarbour Energy PlcWintershall Dea GmbH 
Tags Deal Rumours, Upstream Activities
Date November 23, 2023

(Reuters) - Abu Dhabi National Oil Co (ADNOC) is exploring a potential acquisition of Wintershall Dea, the European energy business backed by BASF SE (BASFn.DE), Bloomberg News reported on Thursday.

Any deal could value Wintershall Dea at more than 10 billion euros ($11 billion), Bloomberg News reported. UK-listed Harbour Energy Plc (HBR.L) is also among suitors that have been evaluating the business the report added, citing people with knowledge of the matter.

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