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BASF says stands by goal to take Wintershall Dea public

Published 18/01/2023, 11:15
© Reuters. FILE PHOTO: German Chancellor Olaf Scholz stands next to Chairman of the Board of Executive Directors of BASF SE Martin Brudermueller during a visit to BASF chemical industry company in Schwarzheide, Germany, November 1, 2022. REUTERS/Lisi Niesner/Pool
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© Reuters. FILE PHOTO: German Chancellor Olaf Scholz stands next to Chairman of the Board of Executive Directors of BASF SE Martin Brudermueller during a visit to BASF chemical industry company in Schwarzheide, Germany, November 1, 2022. REUTERS/Lisi Niesner/Pool

FRANKFURT (Reuters) - 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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