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LetterOne won‘t take Wintershall Dea’s Russian assets – spokesperson

WikiFX

| 2022-05-04

Abstract：FRANKFURT (Reuters) – Letterone will not take on Russian assets of Wintershall Dea and has not held talks with co-investor BASF on such a transaction, a spokesperson for the investment group said.

div classBodysc17zpet90 cdBBJodivpFRANKFURT Reuters – Letterone will not take on Russian assets of Wintershall Dea and has not held talks with coinvestor BASF on such a transaction, a spokesperson for the investment group said.p

pA person familiar with the matter told Reuters earlier, that BASF is looking into transferring Russian assets of its oil and gas business Wintershall Dea to partner LetterOne as the German chemicals giant tries to extricate itself from businesses in Russia.pdivdivdiv classBodysc17zpet90 cdBBJodiv

p“We have had no discussions with BASF about this and have no plans to take on Russian assets,” the spokesperson said.p

pp Reporting by Ludwig Burger Editing by Riham Alkousaap

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