Wed, 04th Apr 2018 17:03
DNO has engaged Pareto Securities AS to run the reverse bookbuild to acquire up to 10% of Faroe, with the price to be determined later, with the bookbuild to close by 0700 BST Thursday.
Earlier Wednesday, DNO agreed to buy a 15% stake in Faroe from Delek Group Ltd. The deal covers 56.4 million Faroe shares, with the price being
Faroe shares ended up 12% on Wednesday at 117.80p.
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