DNO International ASA has sold its holdings in Det norske oljeselskap ASA for NOK 521 million

8/17/2011, 7:15 AM (Source: GlobeNewswire)

DNO ASA+5.32%

Chart for: DNO ASA
DNO International ASA ("DNO") has sold all its 12,954,478 shares in Det norske
oljeselskap ASA to Aker Capital AS, a wholly owned subsidiary of Aker ASA, at an
agreed price of NOK 40.25 per share. The number of shares represents an 11.66%
ownership in Det norske oljeselskap ASA. As a result of this transaction, DNO no
longer holds shares in Det norske oljeselskap ASA.

The proceeds are NOK 521 million. An accounting gain of around NOK 255 million
from this transaction will be recorded in the third quarter of 2011.

Oslo, 17 August 2011

DNO International ASA
Corporate Communications

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: DNO International ASA via Thomson Reuters ONE

Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.