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OSLO, Dec 21 (Reuters) - Norway's Aker BP will
buy the oil and gas business of Sweden's Lundin Energy
, forming the second-largest petroleum firm on the
Norwegian continental shelf, the two companies said on Tuesday.
The transaction values the acquired assets at approximately
125 billion Norwegian crowns ($13.9 billion), they said.
"The proposed combination has strategic, and value accretive
benefits and the combined company will be characterized by
increased scale, world-class quality, and high returns," Aker BP
and Lundin said in a joint statement.
($1 = 8.9705 Norwegian crowns)
(Reporting by Terje Solsvik, editing by Gwladys Fouche)