By Ian Walker

Harbour Energy said it would buy most of the upstream assets of oil-and-gas producer Wintershall Dea for $11.2 billion from its shareholders BASF and LetterOne.

The U.K. oil-and-gas company said Thursday that the deal includes all of Wintershall Dea's upstream assets in Norway, Germany, Denmark , Argentina, Mexico, Egypt, Libya and Algeria as well as its carbon-dioxide capture and storage licenses in Europe.

German chemicals giant BASF has a 72.7% stake in Wintershall Dea.

Write to Ian Walker at ian.walker@wsj.com

(END) Dow Jones Newswires

December 21, 2023 09:30 ET (14:30 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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