Reuters: Wingas says Gazprom takeover on course for autumn

Gazprom's deal to take over the gas trading arm of Germany's BASF, a leading player in Europe, will be sealed this autumn with no impact expected from sanctions against Russia, said a board member of the BASF unit Wingas.

Ludwig Moehring also reiterated that small declines in Russian gas supply to some European countries this month were within normal variations, which he said was reflected in the way gas prices had failed to rally on them.

Moehring, in charge of sales at Kassel-based importer and trader Wingas, said the Gazprom deal had already been delayed from the summer, but due to ironing out legal details.

"We expect the closing in the autumn and do not fear it will be delayed any further in the (Ukraine) crisis," Moehring told Reuters.
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