Adnoc Weighs Acquisition of Wintershall, Bloomberg Reports

--Abu Dhabi National Oil Co. is considering a potential acquisition of Wintershall Dea, a German energy company majority-owned by chemicals giant BASF, in a deal that could value it at more than 10 billion euros ($10.91 billion), Bloomberg reports, citing unnamed sources.

--Abu Dhabi's state-owned energy company, also known as Adnoc, has been exploring a bid to boost its international presence, while smaller U.K. peer Harbour Energy is also among suitors looking at Wintershall, according to Bloomberg.

--Adnoc and Wintershall didn't immediately respond to requests for comment when contacted by Dow Jones Newswires. BASF and Harbour declined to comment.

Full story: https://shorturl.at/gjvz6

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

November 24, 2023 03:02 ET (08:02 GMT)

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