News

  • DEA Deutsche Erdoel AG becomes operator in Mexico

    05 October 2017

    German E&P company acquires 50% licence share in producing oil field

    Deutsche Erdoel AG acquires a 50 percent licence share and operatorship of the onshore oil field Ogarrio in the Tabasco State of Mexico. The licence share was offered in the latest farm-out auction of the National Hydrocarbons Commission (CNH). Pemex will be licence partner, holding the remaining 50 percent. Current gross production is about 12,500 barrels of oil equivalent per day, with significant upside potential.

  • DEA announces appointment of Maria Moraeus Hanssen as Chief Executive Officer

    06 September 2017

    DEA Deutsche Erdoel AG, the international oil and gas company wholly owned by LetterOne, today announces the appointment of Maria Moraeus Hanssen as its new CEO and Chairman of the Management Board. The appointment is expected to take effect in January 2018, when Hanssen will succeed Thomas Rappuhn, who is handing over after 30 years at the company, including 12 years on the Executive Board and 8 years as CEO.

  • Major new economics competition launched - £100,000 Indigo Prize

    05 July 2017

    • Indigo Prize aims to find new ways to measure economic activity beyond GDP
    • Winner will receive £100,000, with runners-up receiving £25,000 and £10,000
    • Judging panel includes Jim O’Neill, Stephanie Flanders, Ed Vaizey and Gus O’Donnell

  • L1 Retail to buy Holland & Barrett from The Nature’s Bounty Co. and The Carlyle Group for £1.77 Billion

    26 June 2017

    London, UK – The Board of The Nature’s Bounty Co. and The Carlyle Group (NASDAQ: CG) today announced that L1 Retail, the retail investment arm of LetterOne, has agreed to purchase Holland & Barrett for £1.77 billion.

  • LetterOne announces Karl-Heinz Holland, former CEO Lidl, appointed to L1 Retail Advisory Board

    04 May 2017

    LetterOne (L1), the international investment business, headquartered in Luxembourg, today announced Karl-Heinz Holland has been appointed to the L1 Retail Advisory Board with immediate effect.