Dec 21, 2021 / 03:00PM GMT
Oyvind Eriksen - Aker BP ASA - Chairman of the Board
Good afternoon, everyone. We are very pleased that you could join us to hear more about today's exciting and transformational announcement. A few minutes ago, the Boards of Aker BP and Lundin announced a pivotal step in the history of the 2 companies, creating what we believe will become the best pure-play independent oil company in the world, and I'm told, the largest public transaction in Norway the last 15 years.
Before diving into the details of the transaction, I want to share with you some insight to the events that brought us to this historical moment. Over 5 years ago in 2016, we partnered with BP to merge Det norske and BP Norway to create Aker BP. It's been quite a ride and nothing short of a success story. Aker BP is, today, one of the largest independent listed oil companies in Europe and has created significant leverage for both its shareholders and for Norway.
But in true Aker and BP fashion, already in 2016, we had our eyes set on another potential opportunity for value creation. A subsequent transaction with Lundin
Aker BP ASA to Acquire Lundin Energy AB's Oil and Gas Business Call Transcript
Feb 14, 2024
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