Harbour Energy Acquires Majority of Wintershall Dea Upstream Business; L1 Takes Minority Stake
September 4, 2024
Harbour Energy has acquired the majority of Wintershall Dea's upstream business for $11.2 billion in a transfer completed by BASF and L1 (LetterOne). As part of the transaction, L1 received a 14.87% preference shareholding in Harbour, making it a minority shareholder while Harbour expands its upstream E&P portfolio.
- Buyers
- Harbour Energy plc, L1 (LetterOne)
- Targets
- Wintershall Dea (upstream business)
- Sellers
- BASF, L1 (LetterOne)
- Industry
- Oil & Gas
- Location
- Hesse, Germany
- Transaction Type
- Divestiture
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