Three Bidders Emerge in Auction for RWE DEA Unit

Source: Reuters 1/17/2014, Location: Europe

Three bidders are expected to hand in initial offers for RWE DEA, the oil and gas exploration and production unit of Germany's second-biggest utility RWE, four people close to the negotiations told Reuters.

Bids are expected to be submitted by Wintershall, the oil and gas arm of German chemicals group BASF, Russian billionaire Mikhail Fridman, and a consortium consisting of U.S. private equity firm KKR and Kufpec, the international arm of Kuwait Petroleum Corp, the sources said.

Bids, which are due on Monday, Jan. 20, will value DEA at about 4 billion euros ($5.44 billion), two of the people said, less than the 5 billion that sources said had been targeted by RWE Spokespeople for RWE, Wintershall, KKR, Fridman all declined to comment. Kufpec was not immediately available for comment.


United States >>  5/17/2022 - Helix Energy Solutions Group, Inc. has entered into a definitive agreement to acquire 100% of the equity interests of the Alliance group of companies ...
Japan >>  5/16/2022 - First Solar, Inc. has entered into definitive agreements with funds managed by PAG Real Assets (“PAG”), pursuant to which PAG will acquire from First ...

Brazil >>  5/13/2022 - Petrobras, following up on the release disclosed on 07/20/2018, informs that it has decided to conclude the current competitive process, which was in ...
Russia >>  5/12/2022 - Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij – subsidiaries of Shell plc – have signed an agreement to sell Shell Neft LL...

United Kingdom >>  5/12/2022 - JERA Americas, the Houston-based subsidiary of global energy leader JERA, has entered into an agreement to acquire a 1,633 megawatt (MW) thermal power...
Australia >>  5/11/2022 - NeuRizer - (formerly Leigh Creek Energy) wholly owned subsidiary Leigh Creek Oil and Gas (LCOG) has announced that Santos will farm-in and take operat...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.