Deliver Your News to the World

Offer period for Revus Energy ASA shareholders ends on 5 December 2008


* Wintershall offering NOK 110 in cash per share
* Attractive premium of 145 percent above the share price before the announcement of the offer

Kassel . This week the offer period for the voluntary offer by Wintershall Norwegen Explorations- und Produktions-GmbH from 6 November 2008 for all the shares of Revus Energy ASA, Stavanger, Norway, ends. Revus’s shareholders who have so far not tendered their shares can accept Wintershall’s offer until Friday, 5 December 2008 (24:00 CET). The wholly owned BASF subsidiary Wintershall is offering to pay NOK 110 cash per share.

“Our offer price provides Revus’s shareholders with an attractive premium above the Revus share price before the announcement of our offer”, Reinier Zwitserloot, Chairman of the Board of Executive Directors of Wintershall Holding AG, explained. The offer represents a premium of 145% per cent compared to the closing share price on the last trading day prior to Wintershall’s public announcement of the offer and a premium of 44% to the six and twelve month average closing prices ending 24 October 2008. The offer by Wintershall also includes a 16% premium on the all-time-high price of the Revus share of NOK 95 before the announcement of the offer.

Information on the offer by Wintershall including the offer document is available on the Internet at The offer document can also be ordered from the receiving agent, the Nordea Bank Norge ASA, by calling +47 22 48 62 62 or by sending an e-mail to

Wintershall , based in Kassel, Germany, is a wholly-owned subsidiary of BASF in Ludwigshafen. The company has been active in the exploration and production of crude oil and natural gas for over 75 years. Wintershall focuses on selected core regions, where the company has built up a high level of regional and technological expertise. These are Europe, North Africa, South America, as well as Russia and the Caspian Sea region. Today the company is Germany’s largest producer of crude oil and natural gas and with its subsidiary, WINGAS, it is also an important gas supplier on the German and European market.

This release is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to local law or regulation. This release has been prepared by Wintershall Holding AG. No representation or warranty (express or implied) of any nature is given, nor is any responsibility or liability of any kind accepted, with respect to the truthfulness, completeness or accuracy of any information, projection, statement or omission in this presentation. This release does not constitute, nor does it form part of, any offer or invitation to buy, sell, exchange or otherwise dispose of, or issue, or any solicitation of any offer to sell or issue, exchange or otherwise dispose of, buy or subscribe for, any securities, nor does it constitute investment, legal, tax, accountancy or other advice or a recommendation with respect to such securities, nor does it constitute the solicitation of any vote or approval in any jurisdiction, nor shall there be any offer or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of any such jurisdiction (or under exemption from such requirements).


This news content was configured by WebWire editorial staff. Linking is permitted.

News Release Distribution and Press Release Distribution Services Provided by WebWire.