Wintershall Dea downgrades its stake in Nord Stream AG by €175m
[ad_1]
Wintershall Dea has decided to reassess its stake in Nord Stream AG, the operator of Nord Stream, after the pipeline explosions. The company cut its valuation by €175 million, according to its quarterly financial statements (.pdf).
“In light of recent events, Wintershall Dea has prepared an updated balanced scenario analysis (development of the situation.— “b”) and revalued the cost of equity in the Nord Stream pipeline system, reducing the cost of a stake in Nord Stream AG in the third quarter of 2022 by €175 million,” the document says.
E.ON. and Germany’s Wintershall Dea owns 15.5% of Nord Stream AG, the operator of the Nord Stream gas pipeline. 51% of the company is owned by a subsidiary of Gazprom, 9% by the Dutch NV Nederlandse Gasunie and the French Engie.
In September for Nord Stream and not put into operation Nord Stream 2 the pressure dropped sharply, there were gas leaks. Three out of four gas pipelines were damaged. Denmark statedthat caused damage caused by powerful explosions. Germany thinksthat there was a sabotage at Nord Stream. In Russia on the fact of the state of emergency excited case of international terrorism.
On the development of the situation – in the publication “Kommersant FM” “Answers come from the bottom”.
[ad_2]
Source link
