Brief: Vår Energi To Combine With Bluenord

Bluenord ASA

21/07/2026 06:04

July 21 (Reuters) - Var Energi ASA VAR.OL:
VÅR ENERGI TO COMBINE WITH BLUENORD, BUILDING THE LARGEST INDEPENDENT PRODUCER OF OIL AND GAS IN EUROPE
INTENDS TO INCREASE DIVIDEND FOR Q2 OF 2026 TO USD 350 MILLION
ALSO INTENDS TO DISTRIBUTE A DIVIDEND OF USD 350 MILLION FOR Q3 OF 2026 TO SHAREHOLDERS OF COMBINED COMPANY
TO ESTABLISH A NEW SUBSIDIARY WHICH WILL BE MERGED WITH BLUENORD ASA
BLUENORD SHAREHOLDERS WILL AS A MERGER CONSIDERATION, RECEIVE 248.4 MILLION NEW VÅR ENERGI SHARES AND NOK 1,964 MILLION (USD 204 MILLION) IN CASH
CONSIDERATION CORRESPONDS TO 9.7153 SHARES IN VÅR ENERGI AND NOK 76.83 IN CASH AS CONSIDERATION FOR EACH SHARE HELD IN BLUENORD
EXPECTS ACCUMULATED POST-TAX SYNERGIES OF USD 250-300 MILLION FOR 2027-2032 PERIOD
Source text: ID:nWkr2zkLQt
Further company coverage: VAR.OL

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