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CORPORATE STRATEGY

Wintershall's Russian Retreat Boosts Diversification, IPO Push

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  • Wintershall Dea's work to reposition its business away from Russia over the past year will be put to the test after it definitively moved to exit the country.

  • The withdrawal should prevent further financial and reputational fallout as the Ukraine war rages on and could increase the chances of an IPO of the German E&P.

  • Having lost almost half of its oil and gas production overnight, Wintershall will look to Norway, Algeria and transition opportunities to diversify its business.

The Issue

Topics:
Corporate Strategy , Ukraine Crisis, Equity and Debt Markets, Independent E&Ps, Company/Financials
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