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Oil Rout Threatens to Derail European Energy IPO Pipeline

  • Wintershall eyes delay to biggest Europe listing this year
  • Neptune Energy, Chrysaor IPOs could also be pushed back
A Wintershall Dea flag outside a facility in Germany.
A Wintershall Dea flag outside a facility in Germany.Photographer: picture alliance/picture alliance

A double whammy of crashing oil prices and turbulent stock markets is threatening to scotch a string of high-profile initial public offerings by European energy companies.

Wintershall Dea GmbH, BASF SE’s oil and gas venture with billionaire Mikhail Fridman, is considering delaying a proposed IPO that was set to be the biggest European listing this year, according to people familiar with the matter. It had been planning to seek a valuation of at least $20 billion from the deal in the second half of this year, the people said, asking not to be identified as the information is private.