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OSLO Faroe Petroleum has struck a deal to swap Norwegian oil and gas assets with Equinor, in a move that could raise the price that hostile bidder DNO has to pay to secure the British energy company.
OSLO Faroe Petroleum has struck a deal to swap Norwegian oil and gas assets with Equinor , in a move that could raise the price that hostile bidder DNO has to pay to secure the British energy company.
* Faroe shares close over 26 pct (Adds rejection from Faroe, comments and updates shares)
LONDON Norway's DNO has launched a hostile bid to buy all of Faroe Petroleum in a deal valuing the London-listed company at around 608 million pounds ($781 million), sending Faroe shares up by a quarter.
OSLO, Aug 21 (Reuters) - * Norwegian shares traded down on Tuesday * Oslo's benchmark index fell 0.11 pct, or 1.07 points, to 901.28 points and was up by 10.79 pct year-to-date * The broader Oslo All Share Index was down 0.08 percent * Brent crude futures, a trigger for the oil heavy Oslo Bourse, rose $0.13 to $72.34 a barrel * Among the biggest firms on the Oslo Bourse, Equinor fell 0.93 pct, Telenor fell 0.12 pct and DNB rose 0.03 pct * Turnover at the Oslo Bourse was 897 million Norwegian cro
June 21 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday: ** China State Grid has raised its offer to 13.81 reais per share in CPFL Energias Renovaveis SA after Brazilian securities industry regulator CVM mandated a review on the criteria used by the Chinese company to calculate the offer price. ** French luxury group Kering said it was in talks with Christopher Kane to sell the eponymous brand back to the British designer, as the conglo