The overall result is that Equinor has divested a 16% shareholding in Lundin for a direct interest of 2.6% in the Johan Sverdrup field and a cash consideration of approximately US$650 million.
The first part, Sparebank1 Markets’ acquisition of around 54.5 million shares in Lundin Petroleum AB from Equinor ASA, concluded on 5 August and followed the approval of the transaction in Lundin Petroleum AB’s Extraordinary General Meeting on 31 July 2019.
The second part, Equinor Energy’s acquisition of a 2.6% interest in the Johan Sverdrup field from Lundin Norway AS, concluded on 30 August. The effective date of this acquisition is 1 January 2019.
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/30082019/equinor-finalises-sale-of-shares-in-lundin-petroleum-and-acquisition-of-further-direct-interest-in-johan-sverdrup-field/
You might also like
Offshore Energies UK says calls by politicians to impose UK windfall taxes on companies’ global profits risked misleading voters and consumers.