Transaction closed: Wintershall Dea sells WIGA stake to SEFE

• European Commission grants approval to SEFE’s acquisition of WIGA
• WIGA Group’s pipeline network plays a key role in the energy security of Germany and Europe 

Kassel/Berlin. The European Commission has granted merger control approval to the acquisition of WIGA Transport Beteiligungs-GmbH & Co. KG and WIGA Verwaltungs-GmbH (together WIGA) by SEFE Securing Energy for Europe GmbH (SEFE). The purchase was completed today. Prior to the closing, Wintershall Dea AG held a 50.02 per cent stake in WIGA. The transaction makes SEFE the company’s sole shareholder. 

The European Commission had already adopted the state aid approval required for the sale in March 2024. The merger control approval has now followed. 

WIGA is the sole shareholder of German regulated gas transmission system operators GASCADE Gastransport GmbH (GASCADE) and NEL Gastransport GmbH (NGT). These two independent subsidiaries of WIGA, with a total of more than 500 employees, operate onshore gas transmission networks in Germany with a combined length of around 4,150 kilometres and a direct connection to five European countries. With its high-capacity gas transportation infrastructure, WIGA plays a key role in ensuring Europe’s energy security.

_{About Wintershall Dea} 

_{Wintershall Dea is a leading independent European gas and oil company with more than 120 years of experience as an operator and project partner along the entire E&P value chain. The company with German roots and headquarters in Kassel and Hamburg explores for and produces gas and oil in 11 countries worldwide in an efficient and responsible manner. With activities in Europe, Latin America and the MENA region (Middle East & North Africa), Wintershall Dea has a global upstream portfolio and, with its participation in natural gas transport, is also active in the midstream business. And we develop carbon management and low carbon hydrogen projects to contribute to climate goals and secure energy supplies. More in our Annual Report.}

_{As a European gas and oil company, we support the EU's 2050 carbon neutrality target. As our contribution we have set ourselves ambitious targets: We want to be net zero across our entire upstream operations – both operated and non-operated – by 2030. This includes Scope 1 (direct) and Scope 2 (indirect) greenhouse gas emissions on an equity share basis. Wintershall Dea will also bring its methane emissions intensity below 0.1 per cent by 2025. We endorsed the World Bank’s Initiative ‘Zero Routine Flaring by 2030’ and continue to support the initiative aimed at eliminating routine flaring in operated assets by 2030. In addition, we plan to support global decarbonisation efforts by building up a carbon management and hydrogen business to potentially abate 20-30 million tonnes of CO2 per annum by 2040. You can find more about this in our Sustainability Report.}

_{Wintershall Dea was formed from the merger of Wintershall Holding GmbH and DEA Deutsche Erdoel AG, in 2019. Today, the company employs more than 2,000 people worldwide from almost 60 nations.}

_{The shareholders of Wintershall Dea (BASF and LetterOne) and Harbour Energy plc (Harbour) signed a business combination agreement in December 2023 to transfer Wintershall Dea’s E&P business consisting of its producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya (excluding Wintershall AG), Egypt and Denmark (excluding Ravn) as well as Wintershall Dea’s carbon capture and storage (CCS) licenses to Harbour. Until closing, Wintershall Dea and Harbour will continue to operate as independent companies. See the full BASF release here.}

_{More information on the Internet at www.wintershalldea.com or follow us on LinkedIn, YouTube and Instagram.}