Search results for: LetterOne

86073 results

A list of search results

  • 2 March 2015

    The LetterOne Group and RWE AG today completed RWE’s sale of RWE Dea AG to LetterOne. In January, both parties had announced their plans to complete the transaction at the beginning of this month. The agreed value of the deal is around €5.1 billion based on current exchange rates. Due to exchange rate fluctuations, this is […]

  • 6 November 2018
    Business & Finance

    BASF and LetterOne have agreed to appoint Paul Smith as future Chief Financial Officer and member of the Management Board of Wintershall DEA.

  • 28 September 2018
    Business & Finance

    BASF and LetterOne signed a definitive transaction agreement to merge their respective oil and gas businesses in a joint venture, which will operate under the name Wintershall DEA.

  • 11 April 2018

    LetterOne chairman Mikhail Fridman does not expect recent U.S. sanctions against Russian oligarchs will hamper his company’s oil deal with BASF.

  • 8 December 2017
    Business & Finance

    Russian billionaire Mikhail Fridman’s LetterOne and Germany’s BASF have signed a letter of intent to merge their oil and gas businesses into a joint venture named Wintershall DEA. The oil and gas business of BASF is bundled in the Wintershall Group consisting of Wintershall Holding GmbH and its subsidiaries, including the gas transportation business. The oil […]

  • 7 October 2015

    Russian billionaire Mikhail Fridman’s LetterOne fund has emerged as the frontrunner for the acquisition of German utility E.ON’s Norwegian North Sea assets, three industry and banking sources said on Tuesday.

  • 17 March 2014

    Germany’s RWE Aktiengesellschaft and LetterOne Group have today agreed terms for the sale of RWE Dea AG for approximately 5.1 billion Euro (USD 7.1 billion)

  • 2 March 2015
    Business & Finance

    LetterOne, an investment company run by the Russian billionaire Mikhail Fridman, has hit a stumbling block potentially preventing the company to complete the previously announced agreement to acquire RWE Dea oil company. The two companies last year reached an agreement under which LetterOne, based in Luxembourg, would buy RWE Dea AG, an oil and gas business of Germany’s […]

  • 28 September 2018
    Business & Finance, Project & Tenders

    BASF and LetterOne have signed a definitive transaction agreement to merge their respective oil and gas businesses Wintershall and DEA in a joint venture, which will operate under the name Wintershall DEA. “With Wintershall DEA we create the leading independent European exploration and production company with international operations in core regions. By combining the two German-based […]

  • 6 November 2018
    Business & Finance

    BASF and LetterOne have appointed Paul Smith as future chief financial officer (CFO) and member of the management board of Wintershall DEA. The appointment will take effect on closing of the merger of Wintershall and DEA, which is expected in the first half of 2019 and is still subject to customary regulatory approvals. Paul Smith […]

  • 24 November 2017
    Business & Finance

    German chemical company BASF is in discussions regarding a potential merger of its oil and gas unit Wintershall with Letter One’s oil and gas activities bundled in the DEA Group.

  • 22 August 2014

    Germany’s Economy Ministry has given a green light to the sale of RWE Dea to LetterOne group, headed by Russian billionaire Mikhail Fridman.

  • 3 March 2015
    Business & Finance

    After the acquisition by LetterOne, the Hamburg based upstream company RWE Dea has a new owner, a new supervisory board and gets a new name. LetterOne is a privately owned Luxembourg-based global investment vehicle focused on utilizing its financial resources, management and investment expertise. At the first general meeting of shareholders a new supervisory board was appointed. Chairman […]

  • 5 March 2015

    LetterOne group, run by the Russian billionaire Mihail Fridman, earlier this week bought RWE Dea, an oil and gas company based in Germany for 5.1 billion euros, from RWE group. The acquisition went ahead despite the UK objecting the move. The reason the UK is opposing the transaction is the fact that RWE Dea owns several […]

  • 12 October 2015

    Swiss company Ineos has agreed to acquire a portfolio of natural gas assets in the North Sea from a UK subsidiary of DEA Deutsche Erdoel AG, which is part of the LetterOne Group, owned by the Russian billionaire Mikhail Fridman. Ineos will buy gas fields, including the Breagh and Clipper South fields in the Southern North […]

  • 13 October 2015
    Business & Finance

    Sterling Resources, a Canadian-listed energy company with assets in the UK North Sea, has welcomed Ineos’ acquisition of the North Sea gas field from Russian billionaire Mikhail Fridman’s LetterOne group. The assets include an operated 70 percent interest in the producing Breagh field, of which Sterling holds the remaining 30 percent. The purchase by Ineos brings […]

  • 1 May 2019

    “Size is very important in this industry. Very rarely do you have the opportunity to create a company of this scale and quality”

  • 2 May 2019

    German duo Wintershall Holding and DEA Deutsche Erdoel AG (DEA) have completed the merger of the two companies creating a European independent gas and oil giant.  The merger agreed in September last year has been completed in on May 1 following the approvals by all relevant authorities, and shareholders BASF and LetterOne, the company said […]

  • 4 January 2018
    Business & Finance

    Maria Moræus Hanssen has started as the new chief executive officer of DEA Deutsche Erdoel AG, an oil and gas company based in Germany and owned by LetterOne. 

  • 23 March 2014

    Read about world’s largest offshore cranes, state-of-the art vessels, subsea pipelines, deepwater discoveries, corporate takeovers….

  • 28 September 2018
    Exploration & Production

    Oil company DEA Norge has concluded the drilling of wildcat well 7321/4-1 in the Barents Sea off Norway. The well is dry. The well is located in production license 721 where DEA Norge is the operator. DEA received consent from the Norwegian offshore safety body to drill an exploration well in the Barents Sea using the […]

  • 4 September 2015
    Business & Finance

    Germany-based oil and gas company DEA Deutsche Erdoel AG has appointed several new members to its supervisory board to replace interim appointments. Namely, Andreas J. Goss, Alf Henryk Wulf, and Dr Jan Konerding are replacing Dmitry Avdeev, Jonathan Muir, and John Christopher Smith, who were interim appointments. Andreas J. Goss is Chief Executive of Thyssen […]