June 20, 2019 12:01 PM ET

Capital Markets

Company Overview of LetterOne Holdings S.A.

Company Overview

LetterOne Holdings S.A. is a private equity and venture capital arm of Letterone Investment Holdings S.A. specializing in startups, industry consolidation, distressed, and turnaround investments. The firm invests currently through strategic equity holdings in listed companies, or through the ownership of private companies. It prefers to invest in following sectors: oil and gas, technology, and telecommunications. The firm seeks to invest in energy and hydrocarbon projects with a focus on exploration and production, oilfield services, oil and gas projects, upstream projects, conventional and unconventional reserves, and other energy projects. The firm invests globally with a focus on Russia, ...

1-3 boulevard de la Foire

Luxembourg,  1528

Luxembourg

Founded in 2013

Phone:

352 26 38 77 1

Fax:

352 26 38 77 99

Key Executives for LetterOne Holdings S.A.

Chief Executive Officer and Member of the Board of Directors
Founder and Chairman
Age: 54
Co-Founder and Member of Board of Directors
Age: 57
Co-Founder and Member of Board of Directors
Age: 56
Compensation as of Fiscal Year 2018.

LetterOne Holdings S.A. Key Developments

Wintershall DEA Eyes Listing In Second Half Of 2020

Wintershall DEA is looking for listing in the second half of 2020. A planned tie-up of Wintershall Holding GmbH subsidiary of BASF SE (DB:BAS) and DEA Deutsche Erdoel AG subsidiary of LetterOne Holdings S.A. could be listed in the second half of 2020, its designated Chief Executive Officer told a German newspaper in an interview published on October 2, 2018. BASF and LetterOne signed a merger agreement to combine their respective oil and gas businesses into a merged entity, to be named Wintershall DEA, which will be headquartered in Kassel and Hamburg. On being asked when Wintershall DEA (in which BASF will initially hold 67% while LetterOne will own the rest) will go public, Mario Mehren Chief Executive Officer of Wintershall Holding told Handelsblatt: “If everything goes according to plan in the second half of 2020. That is very ambitious. Closing of the transaction is planned for the first half of 2019.”

Mikhail Fridman Reportedly In Talks To Acquire DIA

Mikhail Fridman has started talks with other shareholders in Distribuidora Internacional de Alimentación, S.A. (BME:DIA) (DIA) over a possible takeover bid for the discount retailer in which he is already the biggest investor, Expansion reported on August 25, 2018. Fridman’s LetterOne Holdings S.A. could take a 14.5% indirect stake in DIA currently held by The Goldman Sachs Group, Inc. (NYSE:GS), the paper said, citing anonymous financial sources.

BASF In Talks To Combine Wintershall With DEA

BASF SE (DB: BAS) is negotiating a merger of Wintershalll Nordzee B.V. and DEA Deutsche Erdoel AG owned by LetterOne Holdings S.A. BASF stated, “BASF would hold the majority of the shares in the joint enterprise. An initial public offering (IPO) of the joint enterprise would be an option in the medium term.” Share price in BASF closed 2.9% higher.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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