BASF eyes RWE′s oil business | DW News - latest news and breaking stories | DW | 17.01.2014
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BASF eyes RWE's oil business

German chemicals giant BASF has prepared a bid for DEA, the oil and gas unit owned by Germany's Nr.2 utility RWE. The deadline for the tender is this week. BASF needs huge amounts of oil for its production. It still pays market prices for crude - but the DEA deal would change that.

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