April 4, 2018 / 4:08 PM / 20 days ago

BRIEF-Norway's DNO seeks to buy further 10 pct of Faroe Petroleum

April 4 (Reuters) - Dno Asa:

* HAS ENGAGED PARETO SECURITIES AS TO ACQUIRE UP TO 10 PERCENT OF OUTSTANDING SHARES IN FAROE PETROLEUM

* SHAREHOLDERS IN FAROE PETROLEUM ARE INVITED TO TENDER SHARES THROUGH A REVERSE BOOK BUILDING PROCESS

* TENDERED SHARES THAT ARE ACCEPTED BY DNO AT ITS SOLE DISCRETION WILL RECEIVE ONE PRICE DETERMINED IN REVERSE BOOK BUILDING

* DNO RESERVES RIGHT TO CLOSE REVERSE BOOK BUILDING AT ANY TIME, BUT NO LATER THAN 08:00 CET (07:00 BST) ON 5 APRIL Source text for Eikon: Further company coverage: (Reporting By Terje Solsvik)

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