Sparebank 1 SMN (MING.OL)
22 Mar 2019
OSLO Faroe Petroleum has struck a deal to swap Norwegian oil and gas assets with Equinor, in a move that could raise the price that hostile bidder DNO has to pay to secure the British energy company.
* Faroe shares close over 26 pct (Adds rejection from Faroe, comments and updates shares)
LONDON Norway's DNO has launched a hostile bid to buy all of Faroe Petroleum in a deal valuing the London-listed company at around 608 million pounds ($781 million), sending Faroe shares up by a quarter.