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Article: Norwegian DNO to sell shares in Det norske to Aker.
- Article from:
- Nordic Business Report
- Article date:
- October 13, 2009
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NORDIC BUSINESS REPORT-13 October 2009-Norwegian DNO to sell shares in Det norske to Aker(C)1994-2009 M2 COMMUNICATIONS http://www.m2.com
13 October 2009 - Norwegian oil minnow DNO International ASA (OSL: DNO) said Tuesday it agreed to sell up to six million shares in sector player Det norske oljeselskap ASA (OSL:DETNOR) to industrial group Aker ASA (OSL: AKER)
The transaction is structured as an unconditional sale of one million shares for NOK 49.90 per share, based on the closing price on the Oslo Stock Exchange on October 8 and a sale of another five million shares at the same price, conditional on the approval of the competition authorities.
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