Eni and HitecVision Sell 124.8 Million Shares in Var Energi
09 Juni 2022 - 9:15AM
Dow Jones News
By Dominic Chopping
Norwegian oil-and-gas company Var Energi ASA said Thursday that
shareholders Eni International B.V. and HitecVision AS have sold
124.8 million shares in the company, representing around 5.0% of
the outstanding shares, at 40.20 Norwegian kroner ($4.24) each.
The company said 29.5 million shares were sold by Eni and 95.4
million shares were sold by HitecVision.
As a result of the offering, the free float in the company will
increase to around 16.2% from 11.2%.
Following completion of the offering, Eni holds 1.57 billion
shares in the company, representing around 63.1% of the outstanding
shares in the company, and HitecVision holds 517.6 million shares,
representing around 20.7% of the outstanding shares.
Var Energi shares closed Wednesday at NOK45.87.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
June 09, 2022 03:00 ET (07:00 GMT)
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