Aker ASA: Det norske oljeselskap and BP Norge merge to create leading independent E&P company on NCS
Reference is made to Det norske oljeselskap ASA's ("Det norske") stock exchange announcement today regarding the agreement with BP Plc ("BP") to merge with BP Norge AS ("BP Norway") through a share purchase transaction to create the leading independent E&P company on the Norwegian Continental Shelf (NCS). The company will be renamed Aker BP ASA ("Aker BP"), with Aker ASA ("Aker") and BP as main industrial shareholders.Aker is the main shareholder in Det norske with a 49.99 per cent ownership, held through its wholly-owned subsidiary Aker Capital AS. Aker BP will be jointly owned by Aker (40