DNO to acquire Sval Energi for $1.6bn, expanding North Sea portfolio
DNO, a Norwegian oil and gas operator, has announced the signing of an agreement to acquire all shares of Sval Energi Group from HitecVision for an enterprise value of $1.6bn (Nkr17.24bn). The deal, which includes a cash consideration of $450m, is set to enhance DNO’s North Sea assets and bolster its position as a “leading”…