DEA, BASF consider oil and gas merger

DEA Group shareholder LetterOne is in talks with the BASF Group concerning a potential merger of BASF and DEA’s oil and gas activities.

Offshore staff

HAMBURG, Germany – DEA Group shareholder LetterOne is in talks with the BASF Group concerning a potential merger of BASF and DEA’s oil and gas activities.

BASF is the parent company ofWintershall, which like DEA has operated offshore interests in the Norwegian Sea and North Sea.

In a statement, DEA Group said the outcome of the discussions is currently open, with no assurance that a transaction will go forward.

11/27/2017

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