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Monday, October 21, 2013
Those companies interested in purchasing German firm RWE’s DEA unit have been asked to submit their offers by late-December.
The company’s exploration and production unit, DEA, holds assets across North Africa, including Algeria, Egypt, and Libya. RWE had said it only wanted to sell parts of the unit, which accounted for 23% of its operating profit in 2012, but in March 2013 said the whole unit would be sold.
The sale could fetch up to $6.8 billion.
Wintershall has been the only group to publicly express interest in DEA so far, but it is thought that a few private equity investors will also submit bids.
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