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BASF says stands by goal to take Wintershall Dea public

BASF says stands by goal to take Wintershall Dea public
BASF says stands by goal to take Wintershall Dea public Copyright Thomson Reuters 2023
Copyright Thomson Reuters 2023
By Reuters
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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.

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