DEA

Company History: DEA AG is an international oil and gas company headquartered in Hamburg, Germany. It is a subsidiary of L1 Energy. As of 2014, DEA owns stakes in about 190 oil and gas licenses in 14 countries. The company also operates natural gas underground storage facilities in Germany. DEA is a derivation from Deutsche Erdöl-Aktiengesellschaft, the original name of the company.

DEA was formerly a subsidiary of RWE, which put DEA for sale in 2013. Wintershall, a consortium of KKR & Co. and Kufpec, and an investment company L1 Energy of Mikhail Fridman made their bids.[1] In March 2014 it was announced that DEA would be bought by L1 Energy for €5.1 billion. On August 22, 2014 Germany's economy ministry approved the sales to Russian tycoon Mikhail Fridman and his co-investors.

Brief History: Germany is a Western European country with a landscape of forests, rivers, mountain ranges and North Sea beaches. It has over 2 millennia of history. Berlin, its capital, is home to art and nightlife scenes, the Brandenburg Gate and many sites relating to WWII. Munich is known for its Oktoberfest and beer halls, including the 16th-century Hofbräuhaus. Frankfurt, with its skyscrapers, houses the European Central Bank.