Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Wintershall and DEA to merge
October 1, 2018

BASF and LetterOne have agreed to merge Wintershall (subsidiary of BASF) and DEA (subsidiary of LetterOne), to create a leading independent oil and gas company. The future name of the company will be Wintershall DEA and the combined business had a pro-forma revenue of 4.7B EUR and EBITDA of 2.8B EUR. The merger is expected to provide 200M EUR of cost synergies per year, following a closing of the transaction in 2019.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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