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"Oslo, June 10, 2016 (AFP) -British oil giant BP will merge its Norwegian assets with Det Norske, Norway's biggest independent oil company, in exchange for a minority stake of 10.8 billion kroner ($1.3 billion) in the new group, the two sides announced Friday.", timesofindia.indiatimes.com
"Oil companies BP (BP.L) and Det norske (DETNOR.OL) have agreed to merge their Norwegian businesses in a $1.3 billion all-share deal to cut costs, challenge Statoil's (STL.OL) dominance of the local industry and look for more acquisitions.", www.reuters.com
"Oil companies BP (BP.L) and Det norske (DETNOR.OL) have agreed to merge their Norwegian businesses in a $1.3 billion all-share deal to cut costs, challenge Statoil's (STL.OL) dominance of the local industry and look for more acquisitions.", in.reuters.com
"MADRID: BP is wisely choosing growth over control in Norway. The UK oil major is teaming with Det norske and its main investor Aker to create the largest Norwegian independent oil firm in a $1.3 billion share deal. BP will have only a 30 percent stake in the Oslo-listed company, but matching its mature assets with Det norske's growing and efficient operations makes sense. Norway is a plum destination in the oil world because it has a relatively stable regulatory regime that encourages explor", www.brecorder.com
"Det Norske Oljeselskap ASA, a company controlled by billionaire Kjell Inge Roekke, agreed to buy BP Plc’s Norwegian unit in a 10.8 billion kroner ($1.3 billion) stock deal to form one of the leading production and exploration companies offshore the Nordic country.", www.bloomberg.com
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