DNO ASA confirmed on 26 November 2018 that it has announced the terms of an offer to be made for the whole of the issued and to be issued share capital of Faroe Petroleum Plc. The offer stands at 152 pence in cash per Faroe share which values Faroeâs existing share capital at approximately GBP 608 million (USD 781 million). Faroe responded to the announcement by DNO stating that DNO did not engage with Faroe before making the announcement of its unilateral offer. Further announcements will follow once the Board of Faroe has met with its advisers. DNO already holds 28.22% of Faroe Petroleumâs issued share capital.
Norway, not found