Gazprom and Wintershall complete asset swap
Edited by Rhod Mackenzie / 2015-10-01 07:29:39
Gazprom and German Wintershall Holding GmbH (100% subsidiary of BASF SE concern) finished an exchange of assets, runs the company’s statement.
Due to asset swap BASF expands oil and gas production field and goes out of gas sale and gas storing business. “Gazprom”, in its turn, increased its share in the European gas companies Wingas, Wieh (Wintershall Erdgashandelshaus Berlin), and Wiee (Wintershall Erdgashandelshaus Zug) up to 100% and received 50% in Winz, which prospect and produce hydrocarbons on the North Sea.
