Companies & Finance

Wintershall and DEA Group discuss merger

German chemical company BASF is discussing a potential merger between Wintershall Group and DEA Group.
By Staff reporter 27 November 2017 0 28567

German chemical company BASF is discussing a potential merger between Wintershall Group, which runs its oil and gas activities, and DEA Group, which handles oil and gas activities for international investment business Letter One, BASF said in a note on Friday.

BASF expects to hold the majority of the shares in the joint enterprise, the company said, adding that the outcome of the discussions is still open.