Wintershall-Dea no guide to future IPO performance
Post-merger momentum contrasts with wider industry cynicism over energy IPOs
Trade tensions, warnings of an impending global slowdown and disruptive political events such as Brexit have all contributed towards gloomier European energy initial public offering (IPO) sentiment over the past two years. But a planned post-merger public bow for the combination of Germany's Wintershall and Dea suggests at least some players see brighter skies ahead. In a mid-March annual Wintershall media presentation in Kassel, the firm's headquarters for 125 years, company officials announced that it and Dea had secured a $6.8bn credit line from five unnamed US banks to push through their merger by the end of June. This paves the way for planned IPO in early 2020. That would be an acceler
Also in this section
17 May 2024
The latest drought crisis is passing, but longer-term solutions are in motion, explains Panama Canal Authority Administrator Ricaurte Vasquez Morales
16 May 2024
Flat oil growth in 2024 highlights mounting industry problems
15 May 2024
Five years ago, Uzbekistan turned to a private company called Saneg to reverse the fortunes of its oil industry. Results so far are encouraging, and according to CEO Tulkin Yusupov, further progress is on the way
14 May 2024
But there is still plenty of appetite for the country’s LNG in the Asia-Pacific region