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BASF says stands by goal to take Wintershall Dea public

FILE PHOTO: A general view of the BASF chemical industry company in Schwarzheide

FRANKFURT (Reuters) - BASF said on Wednesday it stood by its strategic goal to sell its stake in energy company Wintershall Dea in an initial public offering but a listing was currently out of the question given the war in Ukraine.

BASF late on Tuesday announced a 7.3 billion euro ($7.9 billion) write-down, as oil and gas business Wintershall Dea pulls out of Russia.

(Reporting by Ludwig Burger; Editing by Madeline Chambers)