BASF Unit to Trims Harbour Energy Stake

02:56 AM EDT, 09/11/2026 (MT Newswires) -- BASF (BAS.F) said Friday its subsidiary agreed to divest 133 million shares in Harbour Energy (HBR.L), reducing its voting rights to 16%. The German chemicals company's unit BASF Handels- und Exportgesellschaft mit beschränkter Haftung sold 80 million shares of the London-listed oil and gas company through a placing to institutional investors at 2.66 pounds sterling. Separately, Harbour Energy agreed to an off-market purchase of 53 million of its ordinary shares from the BASF subsidiary at the placing price, subject to completion of the placing.