Det Norske Completes Merger with BP Norge, Creates Aker BP
Det norske oljeselskap ASA has completed its merger with BP Norge AS, which was initially announced in June 2016.
As a result, the combined entity formed by Det norske and BP Norge has now changed its name to Aker BP ASA. From and including October 3, Det norske’s shares will trade under the new name and new ticker symbol ‘AKERBP’ on Oslo Børs. The company’s ISIN NO0010345853 will remain unchanged.
The transaction will significantly strengthen the combined company’s operations, cost efficiency and growth potential, enabling the company to initiate dividend payment, said Det norske in a company statement back in June.
Aker BP ASA (Aker BP) and will be headquartered at Fornebuporten, Norway, with Aker ASA (Aker) and BP as main industrial shareholders.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Det Norske Completes Merger with BP Norge, Creates Aker BP (Sep 30)
- Lundin Granted Drilling Permit Offshore Norway (Sep 20)
- Det Norske Increases Production Guidance for 2016 (Sep 14)