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DNO Buys More Faroe Shares

December 18, 2018

© pauws99 / Adobe Stock
© pauws99 / Adobe Stock

Norwegian oil firm DNO has bought another 914,732 shares in Faroe Petroleum at 151.6 pence each, it said on Tuesday.

The purchase, at just below the 152 pence per share price it has offered in a takeover bid for Faroe, adds slightly to DNO's stake, which now stands at about 106.16 million shares, corresponding to 28.47 percent, it added.


(Reporting by Terje Solsvik, editing by Gwladys Fouche)



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