Det norske與BP成立合資公司Aker BP

Det norske oljeselskap, a Norwegian oil company, and BP Norge, a Norwegian subsidiary of the British oil firm BP, have completed their previously announced merger. Det norske said on Friday morning that the closing of the transaction was scheduled to take place “today,” September 30, 2016. Det norske reported that the merger and the subsequent establishment of Aker BP, the independent offshore E&P company on the Norwegian Continental Shelf, was completed.

To remind, the deal was announced mid-June, when it was agreed that Det norske would issue 135.1 million shares based on NOK 80 per share to BP as compensation for all shares in BP Norge. In parallel, Aker, Det norske’s major shareholder, would acquire 33.8 million of these shares from BP at the same share price to achieve the agreed-upon ownership structure.

The company has been renamed Aker BP with Aker and BP as main industrial shareholders. The new E&P company is independently operated and listed on the Oslo Stock Exchange. Aker BP is jointly owned by Aker (40 percent), BP (30 percent), and other Det norske shareholders (30 percent).