March 4 Oslo reported that M.M. Hansen, CEO of DEA, an oil subsidiary of Rheinland Group, revealed in Oslo on Thursday that DEA and the subsidiary of German chemical giant BASF, Wintershall It will be possible to sign a final agreement to merge the two oil companies in March or April.
Hansen made the above remarks to the participants at a conference held in Oslo. She said that the two companies plan to complete the transaction by the end of this year and plan to list the new company within 18 months after the transaction is completed.
BASF said that the deal will be completed before the end of the third quarter of this year.
Hansen told Reuters reporters that she expects to take at least six months after the merger agreement is signed to get the country and regulatory approval.