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BASF SE on Friday said it has reduced its shareholding in Harbour Energy PLC, acquired as part of the Wintershall Dea deal, selling a 6.5% stake to cut its holding to 35% from 41.5%. The Ludwigshafen, Germany-based chemicals group sold 80 million shares in Harbour Energy via an accelerated secondary placing at 273 pence each, worth around £218.4 million. Shares in Harbour Energy were down 5.7% at 283.00p in London on Friday. BASF traded 0.5% higher at €51.00 each in Frankfurt. The placing was upsized from 60 million shares in response to strong market demand from investors, BASF said. Investment bank Morgan Stanley Europe SE acted as sole bookrunner in connection with the placing. BASF will hold a 35% stake in Harbour Energy following the sale. At the end of February, BASF had a 41.5% shareholding, according to Harbour Energy’s 2025 annual report. BASF acquired a 47% stake in Harbour Energy as part of the $11.2 billion deal to transfer most of Wintershall Dea’s upstream assets to Harbour Energy. The deal was completed in 2024. BASF’s remaining shares will be subject to a lock-up of 90 days from closing. London-based oil and gas exploration company Harbour Energy will not receive any proceeds from the placing, as it was of existing shares. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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