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BASF Shares Rise on Report ADNOC Exploring Wintershall Dea Deal

Shares in chemicals giant BASF rose on Friday after a report that Abu Dhabi National Oil Co (ADNOC) is exploring an acquisition…

Mikhail fridmanMartin brudermuellerWintershall deaNewmed energyHarbour energyUnited harbour energy plcAbu dhabi national oil coBloomberg newsKingdom listed harbour energy plc

ADNOC is said to mull acquisition of BASF s Wintershall Dea unit

ADNOC and Harbour are reportedly exploring a potential acquisition of Wintershall Dea, the European energy explorer backed by BASF.

Abu dhabiAbuz abyUnited arab emiratesMikhail fridman letteroneMario mehrenSultan al jaberWintershall deaUnited harbour energy plcAbu dhabi national oil coHarbour energyAbu dhabi national oilMiddle easternKingdom listed harbour energy plcMikhail fridmanChief executive officer sultan al jaberChief executive officer mario mehren

BASF shares rise on report ADNOC exploring Wintershall Dea deal

Shares in chemicals giant BASF rose on Friday after a report that Abu Dhabi National Oil Co is exploring an acquisition of the German group s energy business Wintershall Dea. BASF stock.

Mikhail fridmanGursimran kaurEmma victoria farrMark potterWintershall deaLudwig burgerMartin brudermuellerUnited harbour energy plcHarbour energyNewmed energyAbu dhabi national oil coBloomberg newsKingdom listed harbour energy plc

Adnoc Reportedly Mulling Acquisition of Wintershall Dea

Harbour Energy is a potential competitor for the purported acquisition bid.

Abu dhabiAbuz abyUnited arab emiratesMario mehrenWintershall deaMikhail fridman letteroneSultan al jaberAbu dhabi national oil coHarbour energyUnited harbour energy plcAbu dhabi national oilMiddle easternKingdom listed harbour energy plcMikhail fridmanChief executive officer sultan al jaberChief executive officer mario mehren

ADNOC exploring Wintershall Dea acquisition worth over $11 billion

The state-owned Middle Eastern company has been studying a possible bid as it seeks to boost its global footprint, people familiar with the matter said. Any deal could value Wintershall Dea at more than €10 billion ($11 billion), the people said.

Abu dhabiAbuz abyUnited arab emiratesSultan al jaberWintershall deaMario mehrenMikhail fridman letteroneHarbour energyUnited harbour energy plcAbu dhabi national oil coAbu dhabi national oilMiddle easternKingdom listed harbour energy plcMikhail fridmanChief executive officer sultan al jaberChief executive officer mario mehren

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