In the absence of detailed disclosure rules in this area under the International Financial Reporting Standards ( IFRS ), the presentation is based on the FASB standard Extractive Activities – Oil and Gas (Topic 932), which is a further development of SFAS 69. BASF’s oil and gas activities are bundled in the Wintershall Group. We are also active in the transport of natural gas in Europe with our Russian partner Gazprom.

BASF SE’s oil and gas venture with billionaire Mikhail Fridman, is considering delaying a proposed IPO that was set to be the biggest European listing this year, according to people familiar BASF will choose the Frankfurt stock exchange for a planned listing of oil and gas business Wintershall Dea during the second half of the year, finance chief Hans-Ulrich Engel told a news Equity-accounted oil and gas business from May 1, 2019. Since May 1, 2019, BASF has reported its share of Wintershall Dea’s adjusted net income in EBIT before special items and in EBIT of the BASF Group, presented under Other. Adjustments include, in particular, effects from the remeasurement of the assets and liabilities of the former BASF SE (BAS.XE) and LetterOne Group completed the merger of their oil-and-gas businesses forming a new entity called Wintershall DEA, which they expect to list in 2020, the German chemical maker said Wednesday. The deal to combine BASF's Wintershall and Luxembourg-based LetterOne's DEA was signed in September 2018. BASF SE said it’s in talks to combine its oil-and-gas unit with the energy company controlled by Russian billionaire Mikhail Fridman, setting the stage for one of the largest deals BASF in talks to merge oil unit with Fridman's Dea, sees IPO | Business | agupdate.com

The company, created from the merger of the oil and gas division of German chemicals group BASF and Russian billionaire Mikhail Fridman's LetterOne, chose Frankfurt for its listing that could value it as much as $20 billion (15.2 billion pounds).

28 Feb 2020 BASF will choose the Frankfurt stock exchange for a planned listing of oil and gas business Wintershall Dea during the second half of the year,  BASF India IPO - Read BASF India IPO Review and Analysis on The Economic Times. Find out BASF India IPO Issue Price, Subscription Dates and Status, BASF India IPO Listing Date and more. BuyGujarat Gas Ltd. Auto News · Retail New · Health News · Telecom News · Energy News · IT News · Real Estate News   7 Dec 2017 Bankers said the enterprise value of the potential IPO could be as much as double that after synergies and growth opportunities were realised. 24 Nov 2017 BASF SE said it's in talks to combine its oil-and-gas unit with the energy company controlled by Russian billionaire Mikhail Fridman, setting the  20 Dec 2019 The company, created in May 2019 from the merger of the oil and gas divisions of German chemicals group BASF (67%) and Russian  IPO Status Public Stock Symbol NSE:BASF Company Type For Profit performance products, functional solutions, agricultural solutions, and oil and gas .

BASF SE’s oil and gas venture with billionaire Mikhail Fridman, is considering delaying a proposed IPO that was set to be the biggest European listing this year, according to people familiar

1 May 2019 A merger between Germany's DEA and chemical group BASF's oil and gas business, Wintershall, has been completed, creating Europe's  BASF will choose the Frankfurt stock exchange for a planned listing of oil and gas business Wintershall Dea during the second half of the year, finance chief Hans-Ulrich Engel told a news

BASF SE (BAS.XE) and LetterOne Group completed the merger of their oil-and-gas businesses forming a new entity called Wintershall DEA, which they expect to list in 2020, the German chemical maker said Wednesday. The deal to combine BASF's Wintershall and Luxembourg-based LetterOne's DEA was signed in September 2018.

Business Standard News: Historical Prices : BASF India Historical Prices, BASF India Mattress seller Casper issues 'influencer' warning in draft IPO filing. 17 Oct 2019 "As the fastest growing global energy market, India is crucial to our international growth ambitions in the downstream sector. As such, this project  BASF (BAS) is a chemical company headquartered in Ludwigshafen, Germany. Established in Mannheim in 1865, the company currently has a global operation  

In September 27, 2018, BASF signed a transaction agreement with LetterOne to merge their respective oil and gas businesses, Wintershall and DEA, into a joint venture. It will operate under the name Wintershall DEA.

BASF and LetterOne complete merger of Wintershall and DEA. Creation of the leading independent oil and gas company in Europe. On track to reach production target of 750,000 to 800,000 barrels of oil equivalent per day between 2021-2023, equivalent to an annual production growth rate of 6% to 8%. In the absence of detailed disclosure rules in this area under the International Financial Reporting Standards ( IFRS ), the presentation is based on the FASB standard Extractive Activities – Oil and Gas (Topic 932), which is a further development of SFAS 69. BASF’s oil and gas activities are bundled in the Wintershall Group. We are also active in the transport of natural gas in Europe with our Russian partner Gazprom. Our proven strengths are innovative, sustainable solutions with consistent product quality. Best-in-class well site operations are essential to maximize recovery of oil and gas reserves while minimizing environmental impact. Specialty chemicals that bring unique capabilities and functionality are an integral part of this goal. BASF SE’s oil and gas venture with billionaire Mikhail Fridman, is considering delaying a proposed IPO that was set to be the biggest European listing this year, according to people familiar BASF will choose the Frankfurt stock exchange for a planned listing of oil and gas business Wintershall Dea during the second half of the year, finance chief Hans-Ulrich Engel told a news

BASF SE (BAS.XE) and LetterOne Group completed the merger of their oil-and-gas businesses forming a new entity called Wintershall DEA, which they expect to list in 2020, the German chemical maker said Wednesday. The deal to combine BASF's Wintershall and Luxembourg-based LetterOne's DEA was signed in September 2018. BASF SE said it’s in talks to combine its oil-and-gas unit with the energy company controlled by Russian billionaire Mikhail Fridman, setting the stage for one of the largest deals BASF in talks to merge oil unit with Fridman's Dea, sees IPO | Business | agupdate.com German chemicals group BASF announced its oil and gas unit, Wintershall, is in talks to merge with DEA, the oil and gas business spun off by RWE in 2014. DEA was purchased by Russian billionaire Mikhail Fridman’s Luxembourg-based investment fund LetterOne in 2015 for €5.1bn, just before oil prices collapsed. In the following sections, the determination of the amounts complies with the metrics set out by IFRS that underlie the BASF Group Consolidated Financial Statements: Operating income from oil and gas-producing activities; Period expenditures for acquisition, exploration and development of oil and gas deposits; Capitalized costs relating to oil and gas producing activities; and Capitalized exploration drilling: suspended well costs. BASF's oil-and-gas activities are part of Wintershall, which focuses on exploration and production. In 2016, sales at the oil-and-gas segment of BASF were around 2.8 billion euros ($3.32 billion), and earnings before interest and taxes were about EUR500 million. DEA is owned by LetterOne, BASF would initially retain 67% of the shares in the merged entity--which would operate under the name Wintershall DEA--while LetterOne would control the remaining 33%. However, BASF said that it plans to increase its shareholding to reflect the value of Wintershall's gas-transportation business, BASF SE is a German chemical company and the second largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa. Its headquarters is located in Ludwigshafen, Germany.