OSLO: Swedish oil and gas company Lundin Energy is considering a potential sale, Bloomberg News reported on Monday, citing unnamed sources. Lundin, which has a market value of about $10 billion, is studying strategic alternatives that could also include a merger or asset disposals, the report said.
The company’s shares rose 10% in Stockholm trade. Lundin’s oil and gas operations are all in Norway, where it owns a 20% stake in the Equinor-operated Johan Sverdrup field as well as a range of smaller field.
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