Statoil Applies For Listing Of Fuel & Retail
September 02 2010 - 2:12AM
Dow Jones News
Norwegian oil company Statoil ASA (STL.OS) said Thursday it has
filed an application with the Oslo Stock Exchange for admission of
trading of the newly constituted company Statoil Fuel & Retail
ASA.
The application is a necessary regulatory step ahead of the
planned initial public offering of the energy and retail business,
Statoil said.
The IPO is planned for the fourth quarter if market conditions
allow, it added.
Shares in Statoil closed Wednesday at NOK121.70.
-By Gustav Sandstrom, Dow Jones Newswires; +46-8-5451-3099;
gustav.sandstrom@dowjones.com