BASF says stands by goal to take Wintershall Dea public

FRANKFURT - BASF said on Wednesday it stood by its strategic goal to sell its stake in energy company Wintershall Dea in an initial public offering but a listing was currently out of the question given the war in Ukraine.

BASF late on Tuesday announced a 7.3 billion euro ($7.9 billion) write-down, as oil and gas business Wintershall Dea pulls out of Russia.