DNO completed the acquisition of a majority stake in Norne Stakes from Var Energi for $51m.

Synopsis

DNO, an oil and gas operator, completed the acquisition of a majority stake in Norne Stakes from Var Energi, an independent upstream oil and gas company, for $51m.

Principals

target

Var Energi Asa (norne Stakes)

bidder

Dno Asa

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Market Context

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Bidder Team (1)

bijan mossavar-rahmani

Chairman at DNO ASA

Manager

bidder

Deals

£ 795 M

Total Value

Vendor Team (1)

nick walker

CEO at VAR ENERGI AS

Manager

vendor

Deal

£ 41 M

Total Value

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