Wintershall Dea’s €1.5 Billion Subordinated Notes Offering

DLA Piper has advised Wintershall Dea GmbH on tax law aspects of the deal.

Wintershall Dea GmbH, Europe’s leading independent natural gas and oil company, executed the issue of its first subordinated notes in two tranches in the total amount of EUR1.5 billion.

Wintershall Dea was formed from the merger of Wintershall Holding GmbH and DEA Deutsche Erdöl AG, in 2019. The company with German roots and headquarters in Kassel and Hamburg explores for and produces gas and oil in 13 countries worldwide. Today, Wintershall Dea employs around 2,800 people worldwide from over 60 nations.

The DLA Piper team advising Wintershall Dea was led by partner Dr Marie-Theres Rämer (Tax; Picture) and included partners Dr Ulf Andresen (Tax/Transfer Pricing) and Dr Wolfram Distler (Finance & Projects), counsel Dr Raimund Behnes (Tax, all Frankfurt), senior associate Thore Holtrichter, associate Wolfgang Reul as well as economist Janina Tackmann (all Tax/Transfer Pricing, Frankfurt). From DLA Piper’s Amsterdam office, partners Jian-Cheng Ku and Roderik Bouwman as well as tax advisors Jean Paul Dresen and Robin Theuns (all Tax) were also involved.

Involved fees earner: Ulf Andresen – DLA Piper; Raimund Behnes – DLA Piper; Roderik Bouwman – DLA Piper; Wolfram Distler – DLA Piper; Jean Paul Dresen – DLA Piper; Thore Holtrichte – DLA Piper; Jian-Cheng Ku – DLA Piper; Marie-Théres Rämer – DLA Piper; Wolfgang Reul – DLA Piper; Robin Theuns – DLA Piper;

Law Firms: DLA Piper;

Clients: Wintershall Dea;