DEA Deutsche Erdoel AG becomes operator in Mexico
05 October 2017
German E&P company acquires 50% licence share in producing oil fieldDeutsche 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.
L1 to invest up to $3bn in retail; John Walden and Clive Humby appointed to Advisory Board
19 December 2016
LetterOne (L1), the international investment business, today announces the launch of L1 Retail, a new retail investment arm.
L1 update: Cukurova thwarts sale process by failing to take critical action to lift Telia injunction on shares
29 November 2016
LetterOne (L1), the international investment business, headquartered in Luxembourg, today updates on the arbitration decision against Cukurova which it had hoped would end the deadlock of corporate governance of Turkcell.
LetterOne announces strategic investment in Qvantel
31 October 2016
LetterOne (L1), the international investment business, headquartered in Luxembourg, today announces that it has made a strategic investment in Qvantel, the leading provider of cloud-based Business Support Solutions (“BSS”) for telecom operators.
DEA submits PDO for the Dvalin field
03 October 2016
The Plan for Development and Operation (PDO) for the Dvalin field (previously named Zidane) has been handed over to the Ministry of Petroleum and Energy in Norway by operator DEA. Dvalin will be the company’s first operated field development project in Norway.
LetterOne and FreedomPop announce strategic partnership
30 August 2016
LetterOne (L1), the international investment business, headquartered in Luxembourg, today announces a strategic partnership with FreedomPop, the disruptive US based mobile provider, based in California.
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