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
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
