Harbour Energy Acquires Wintershall Dea Assets in Major Deal
Agreement with BASF and LetterOne
WEB Harbour has announced its acquisition of Wintershall Dea, owned by BASF and LetterOne. The acquisition marks a significant milestone for Harbour Energy.
Completion and Obligations
The transaction is anticipated to close in early Q4 2024, subject to regulatory approvals. Upon completion, Wintershall Dea's outstanding senior and subordinated bonds will become the obligations of Harbour Energy.
Acquisition Details
Harbour Energy will acquire a majority of Wintershall Dea's upstream assets. The acquisition includes oil and gas operations in Europe, North Africa, South America, and Russia.
Strategic Significance
This deal strengthens Harbour Energy's position as a leading global energy producer. The acquired assets will enhance the company's portfolio and provide access to new geographical areas.
Financial Implications
The transaction is valued at approximately 112 billion. Harbour Energy expects to fund the acquisition through a combination of debt and equity financing.
Industry Impact
The acquisition is a significant event in the energy industry. It consolidates the industry landscape and creates a stronger player in the global energy market.
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