bp raises $1bn through Aker BP share sale

bp has sold a 5% stake in Norwegian oil and gas producer Aker BP for Nkr311 ($33.4) per share, generating gross proceeds of about Nkr9.83bn ($1.06bn).

The transaction reduces bp’s holding in Aker BP from 15.9% to about 10.9%.

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It will retain 68.7 million shares in the company and has agreed not to sell the remaining shares for 90 days, subject to customary exemptions.

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