Keyword: LetterOne

News

BASF and LetterOne Merge Oil & Gas Divisions

02.10.2018 - Following last December’s letter of intent, BASF and LetterOne have now signed a definitive agreement to merge their oil and gas businesses into a joint venture, which will operate...

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Wintershall DEA now a Done Deal

08.12.2017 - Confirming reports circulating earlier in the day that a deal was imminent, BASF announced on Dec. 7 that it had signed a letter of intent with LetterOne (L1) to merge its oil and...

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Ineos Wraps up North Sea Gas Fields Purchase

04.12.2015 - Ineos has completed its purchase of stakes in the UK gas fields of the southern North Sea formerly owned by Germany’s DEA. The platforms, infrastructure and employees taken over by...

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RWE Poised to Sell DEA Arm to Russian Tycoon

02.03.2015 - Completion of the sale of the DEA unit of German oil and gas giant RWE to LetterOne, an investor group led by Russian tycoon Mikhail Fridman appears to be imminent. News reports...

News

German Politicians Question Sale of RWE-DEA to Russians

24.03.2014 - Germany's Green Party has joined the conservative Christian Democrat parties in calling on the federal government to critically examine plans by utility group RWE to sell its oil...

News

Russian Investment Group Wins Race for RWE DEA

17.03.2014 - LetterOne, a consortium of Russian investors based in Luxembourg, has received the nod to acquire oil and gas exploration company RWE DEA from German energy group RWE, subject to...