Norway's Statoil Buys Minority Stake in Lundin Petroleum

  • Explorer doesn't plan to seek representation on Lundin's board
  • Acquisition agreed at `attractive price' amid weak oil market

Statoil ASA, Norway’s biggest energy company, snapped up a 12 percent stake in Lundin Petroleum AB to increase its access to the giant Johan Sverdrup field.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.