Norwegians eyeing Faroe Petroleum takeover

07.01.2019 - 12:19
Aktuelt
Norwegians eyeing Faroe Petroleum takeover
Oslo-based oil giant DNO is closing in on majority stake in Faroese oil company as it seeks better access to North Sea oil
 
 

Norwegian oil and gas operator DNO now holds a 43.8-percent stake in Faroe Petroleum.

DNO recently offered £610 million to acquire the company, but the Faroe Petroleum management rejected it, saying the offer underrates the value of the company’s North Sea activities.

DNO has acquired assets from minority shareholders, and commentators say this indicates a strong interest from DNO to gain access to Faroe Petroleum’s North Sea operations.

The Norwegian company currently has its main focus on the Middle East market.

Translated by prosa.fo

Nýggjastu sendingar í ÚV
Mikudag 16. januar
Nón - 16.01.19
90038
Mikudag 16. januar
Góðan morgun Føroyar 160119
90025
Mikudag 16. januar
Mono 16 januar 2019
90020
Mikudag 16. januar
Morgunlestur mikudagur 16. januar 2019
89868
Nýggjastu sendingar í SV
Mikudag 30. januar
Team Bachstad á ferð (5:6)
90021
Mikudag 16. januar
Úr savninum: Føroyskt bátasmíð
90005
Mikudag 16. januar
Team Bachstad á ferð (3:6)
90014
Mikudag 16. januar
Til borðs við Price: sviði og pína
89928
Týsdag 15. januar
Brennidepil: Skúlamaturin sparast
89973