Statoil Corporate Assembly Endorses Merger with Hydro O&G Unit

Statoil ASA's corporate assembly made the following statement following Thursday's meeting:

"The corporate assembly recommends that the company's ordinary general meeting approves the demerger plan for Norsk Hydro ASA as part of the merger of Norsk Hydro ASA's oil and gas division with Statoil ASA, agreed on by the boards of directors in Norsk Hydro ASA and Statoil ASA, on 12 and 13 March 2007 respectively.

"The corporate assembly also makes reference to the Statoil board of directors' report on the merger between Statoil ASA and Norsk Hydro ASA's oil and gas division of 13 March 2007 and endorses the board's recommendations in this regard."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Account Manager
Expertise: Business Development
Location: Houston, TX
Consultant Civic & Political Engagement Job
Expertise: HR - General|PR / Corporate Communications
Location: Denver, CO
Drilling Engineering Manager - Delaware Basin
Expertise: Drilling Engineering|Drilling Manager|Engineering Manager
Location: Midland, TX
search for more jobs

Brent Crude Oil : $55.48/BBL 0.25%
Light Crude Oil : $49.91/BBL 0.04%
Natural Gas : $3.15/MMBtu 4.30%
Updated in last 24 hours