Germany's BASF agrees oil merger with Russian tycoon's firm
BASF
Frankfurt am Main - Egypt Today
German chemicals giant BASF has agreed to merge its Wintershall oil and gas unit with the DEA energy firm owned by Russia's billionaire entrepreneur Mikhail Fridman.
The multi-billion-euro deal will create "one of the largest independent European exploration and production companies" with "significant growth potential" and scope for synergies, BASF said in a statement late Thursday.
BASF said it would initially hold 67 percent of shares in the joint venture, which will go by the name Wintershall DEA.
The remaining shares will be held by the LetterOne group, Fridman's Luxembourg-based investment group which owns DEA.
GMT 13:34 2017 Wednesday ,20 December
High cost of pink: German watchdog slams gendered pricingGMT 13:53 2017 Tuesday ,19 December
German business morale eases back from record highGMT 17:58 2017 Thursday ,14 December
Daimler delivers its first all-electric trucks in EuropeGMT 14:38 2017 Thursday ,14 December
ECB expects inflation to hit 1.7% in 2020, still below goalGMT 14:37 2017 Thursday ,14 December
ECB ups eurozone growth forecasts for 2017-2019Russia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read MoreGMT 07:18 2012 Monday ,30 April
Nimbus, Ten Sports in frame to broadcast Pakistan T20 league
GMT 19:33 2016 Sunday ,17 April
At least 12 killed in joint US-Afghan raid in eastern Afghanistan
GMT 20:21 2016 Tuesday ,14 June
QIA said to weigh loan of up to $2bn for Singapore TowerGMT 06:29 2011 Monday ,14 November
Matthew cruises to win at Ochoa Invitational
GMT 14:47 2018 Friday ,09 November
Along US border, a growing opposition to military deployment
GMT 03:34 2017 Wednesday ,22 March
Tillerson to skip NATO meeting next monthGMT 13:44 2013 Friday ,15 March
Israel suppress Palestinian demonstrations
GMT 16:15 2017 Monday ,01 May
Moroccan Workers’ Syndicate
GMT 11:56 2016 Wednesday ,12 October
Toyota, Suzuki eye partnership as industry consolidates
GMT 15:42 2011 Thursday ,23 June
Express checks in with foursquare
GMT 10:49 2017 Sunday ,13 August
Car rams into crowd at violent Virginia rally
GMT 17:45 2013 Sunday ,20 October
5 Indian spices that are good for your healthGMT 23:34 2013 Wednesday ,29 May
Monitor, Red Pepper closures spark protests in UgandaGMT 08:41 2012 Saturday ,15 September
Italian magazine: will print Kate topless snapsGMT 08:02 2012 Tuesday ,05 June
Zoe Saldana in Prabal GurungGMT 06:11 2012 Saturday ,15 September
Tunisia’s Media Conflict: Journalists fight for freedom
GMT 23:47 2015 Friday ,21 August
Senior Muftis, scholars hail success of international Iftaa conference
GMT 14:35 2015 Friday ,24 July
Awqaf Minister hails New Suez Canal project
GMT 16:34 2017 Thursday ,28 December
Hitler's Nazi-parade Mercedes setGMT 11:22 2011 Monday ,10 October
Paul McCartney to play in Moscow in December
GMT 05:17 2015 Friday ,25 September
Pope expresses solidarity with Muslims after stampede
GMT 05:44 2012 Saturday ,21 April
ATV engine 95 HPGMT 03:01 2011 Monday ,19 September
Laughter, tears at US television\'s Emmy awardsGMT 12:04 2012 Wednesday ,07 March
6 Music animation draws on 10 years of eclectic radio
GMT 01:00 2015 Sunday ,05 April
Barzani congratulates Abadi on Tikrit victory
GMT 13:24 2015 Thursday ,15 October
Tesla installs 'autopilot' updateGMT 06:17 2012 Monday ,02 January
Countries across the world celebrate the New Year
GMT 04:07 2016 Tuesday ,07 June
For new era of self-driving cars
GMT 08:21 2017 Saturday ,23 December
Saudi-Sudanese Deal to Ease Transfers
GMT 11:08 2017 Thursday ,21 December
Asian markets mostly down as tax cut euphoria wanes
GMT 13:47 2017 Monday ,08 May
Menna Shalaby does not imitate Turkish actresses
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor