Statoil completes transaction with Lundin
Statoil ASA (OSE: STL, NYSE: STO) and Lundin Petroleum have completed their previously announced transaction, whereby Statoil has sold its entire 15 percent interest in the Edvard Grieg field for an increased shareholding in Lundin Petroleum. The transaction also included the divestment of associated pipeline interests and a cash consideration of approximately USD 64 million . In exchange, Statoil has received 31,316,115 new shares and treasury shares in Lundin Petroleum. ….