BASF Unit Said to Weigh Selling Stake in Germany’s WIGA Pipeline

Wintershall Dea GmbH, an energy venture between chemicals group BASF SE and billionaire Mikhail Fridman, is exploring the sale of its stake in a company running some of Germany’s crucial gas pipelines, people with knowledge of the matter said.

The oil and gas explorer is working with an adviser to gauge buyer interest in its 50% stake in WIGA, a holding company that operates a more than 4,000 kilometer pipeline network through Germany linking five European countries, according to the people.

WIGA runs the pipelines through its Gascade, Opal and NEL transportation subsidiaries. Its assets are valued ...